Investor s Fiduciary Advisor Network LLC Purchases Shares of 2,894 Union Pacific Corporation $UNP

Investor s Fiduciary Advisor Network LLC purchased a new position in Union Pacific Corporation (NYSE:UNP) in the second quarter, HoldingsChannel reports. The institutional investor purchased 2,894 shares of the railroad operator’s stock, valued at approximately $787,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Rachor Investment Advisory Services LLC acquired a new position in shares of Union Pacific in the 4th quarter valued at $25,000. Tucker Asset Management LLC acquired a new stake in Union Pacific during the 4th quarter worth about $25,000. SWAN Capital LLC lifted its position in Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares during the period. High Point Wealth Management LLC purchased a new stake in Union Pacific during the 4th quarter valued at about $26,000. Finally, Cornerstone Financial Management LLC purchased a new stake in Union Pacific during the 4th quarter valued at about $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

NYSE UNP opened at $307.97 on Monday. The firm has a market capitalization of $182.96 billion, a P/E ratio of 24.94, a PEG ratio of 3.14 and a beta of 0.96. The stock has a 50-day simple moving average of $286.30 and a two-hundred day simple moving average of $267.83. 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.

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

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 boost from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. Union Pacific’s dividend payout ratio is presently 44.70%.

Insider Buying and Selling

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research report on Monday, July 13th. Evercore reiterated an “outperform” rating and issued a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. BMO Capital Markets reissued a “market perform” rating and set a $320.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Benchmark lifted their price objective on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $320.89.

Union Pacific 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.