Parr Mcknight Wealth Management Group LLC Acquires New Holdings in Union Pacific Corporation $UNP

Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Union Pacific Corporation (NYSE:UNP) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,333 shares of the railroad operator’s stock, valued at approximately $1,779,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UNP. Capital World Investors raised its holdings in shares of Union Pacific by 92.1% during the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock valued at $4,658,142,000 after buying an additional 9,655,306 shares during the last quarter. Norges Bank acquired a new position in shares of Union Pacific during the fourth quarter worth approximately $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Union Pacific by 72.7% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock worth $2,169,168,000 after buying an additional 3,861,636 shares in the last quarter. Capital Research Global Investors grew its holdings in Union Pacific by 26.0% in the 4th quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock worth $2,540,105,000 after buying an additional 2,267,708 shares in the last quarter. Finally, Baupost Group LLC MA acquired a new stake in Union Pacific in the 3rd quarter valued at approximately $353,658,000. Institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling

In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the sale, the executive vice president directly owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the transaction, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,378 shares of company stock valued at $8,781,595 over the last three months. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Weiss Ratings downgraded Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. increased their price target on Union Pacific from $275.00 to $304.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company raised their price target on Union Pacific from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Citigroup restated a “buy” rating and set a $326.00 price objective (up from $307.00) on shares of Union Pacific in a research note on Thursday. Finally, Susquehanna reaffirmed a “positive” rating and issued a $305.00 price objective on shares of Union Pacific in a report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $293.33.

Union Pacific Stock Performance

UNP opened at $289.26 on Tuesday. The company has a market capitalization of $171.74 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.96. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $290.41. The business has a 50 day moving average price of $269.62 and a two-hundred day moving average price of $254.46.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same period last year, the firm earned $2.70 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Research analysts predict that Union Pacific Corporation will post 12.56 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. Investors of record on Friday, May 29th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.9%. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.

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.