Dearborn Partners LLC Acquires New Holdings in Union Pacific Corporation $UNP

Dearborn Partners LLC bought a new stake in Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,096 shares of the railroad operator’s stock, valued at approximately $9,000,000.

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

Insiders Place Their Bets

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.

Union Pacific Stock Up 0.6%

Shares of NYSE UNP opened at $309.83 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a market cap of $184.06 billion, a PE ratio of 25.09, a P/E/G ratio of 3.14 and a beta of 0.96. The company’s fifty day simple moving average is $287.14 and its 200 day simple moving average is $268.31. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the previous year, the firm posted $3.03 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a dividend of $1.42 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. Union Pacific’s dividend payout ratio (DPR) is currently 45.99%.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent research reports. Citizens Jmp started coverage on Union Pacific in a report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 target price on the stock. Citigroup increased their price target on Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a research note on Friday, July 24th. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $339.00 target price (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus target price 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.