Clare Market Investments LLC Makes New Investment in Union Pacific Corporation $UNP

Clare Market Investments LLC bought a new stake in Union Pacific Corporation (NYSE:UNP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,232 shares of the railroad operator’s stock, valued at approximately $1,997,000.

Other hedge funds have also made changes to their positions in the company. Rachor Investment Advisory Services LLC acquired a new stake in Union Pacific in the 4th quarter valued at about $25,000. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at approximately $25,000. SWAN Capital LLC lifted its position in shares of Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after buying an additional 103 shares during the last quarter. High Point Wealth Management LLC bought a new position in shares of Union Pacific during the 4th quarter worth approximately $26,000. Finally, Saranac Partners Ltd acquired a new position in shares of Union Pacific during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Up 0.6%

UNP stock opened at $284.30 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $168.79 billion, a PE ratio of 23.47, a PEG ratio of 2.97 and a beta of 0.96. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $283.99. The stock has a 50-day simple moving average of $267.68 and a two-hundred day simple moving average of $252.36.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the prior year, the firm posted $2.70 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts predict that Union Pacific Corporation will post 12.55 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were paid a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.9%. Union Pacific’s dividend payout ratio is currently 45.47%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Sanford C. Bernstein lifted their price objective on shares of Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Evercore reissued an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a report on Thursday, June 25th. UBS Group reiterated a “neutral” rating and issued a $274.00 price target (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating and set a $289.00 price objective (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. Finally, Raymond James Financial set a $310.00 target price on Union Pacific in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $286.89.

Insiders Place Their Bets

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the transaction, the executive vice president directly owned 61,102 shares in the company, valued at $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,378 shares of company stock worth $8,781,595 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.