Notis McConarty Edward Takes $726,000 Position in Union Pacific Corporation $UNP

Notis McConarty Edward purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,670 shares of the railroad operator’s stock, valued at approximately $726,000.

Other hedge funds also recently modified their holdings of the company. Cambient Family Office LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at $1,319,000. First National Bank of Omaha grew its stake in shares of Union Pacific by 35.8% during the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after acquiring an additional 14,399 shares during the period. North Dakota State Investment Board purchased a new stake in Union Pacific in the 4th quarter worth about $4,746,000. Sage Investment Advisers LLC purchased a new stake in Union Pacific in the 4th quarter worth about $997,000. Finally, Truist Financial Corp raised its stake in Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock valued at $235,038,000 after acquiring an additional 30,079 shares during the period. Institutional investors own 80.38% of the company’s stock.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.22% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE UNP opened at $304.34 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $315.99. The stock has a market cap of $180.80 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 3.08 and a beta of 0.96. The stock has a fifty day moving average of $285.59 and a 200-day moving average of $267.31.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter in the prior year, the firm posted $3.03 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. Union Pacific’s payout ratio is currently 44.70%.

Analysts Set New Price Targets

UNP has been the topic of several recent research reports. Stephens raised shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Susquehanna lifted their target price on shares of Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Citizens Jmp assumed coverage on shares of Union Pacific in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $339.00 price target (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Bank of America upped their price target on shares of Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Company Profile

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.