Lmcg Investments LLC Grows Stock Position in Union Pacific Corporation $UNP

Lmcg Investments LLC raised its position in Union Pacific Corporation (NYSE:UNP) by 6.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 31,300 shares of the railroad operator’s stock after acquiring an additional 1,971 shares during the period. Lmcg Investments LLC’s holdings in Union Pacific were worth $7,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cvfg LLC lifted its holdings in Union Pacific by 259.9% during the first quarter. Cvfg LLC now owns 14,086 shares of the railroad operator’s stock valued at $3,418,000 after purchasing an additional 10,172 shares during the last quarter. Montag A & Associates Inc. increased its stake in shares of Union Pacific by 1.8% in the first quarter. Montag A & Associates Inc. now owns 11,470 shares of the railroad operator’s stock worth $2,783,000 after purchasing an additional 200 shares in the last quarter. Navalign LLC raised its position in shares of Union Pacific by 1.1% in the first quarter. Navalign LLC now owns 6,071 shares of the railroad operator’s stock valued at $1,473,000 after purchasing an additional 64 shares during the period. Bank of Stockton raised its position in shares of Union Pacific by 372.5% in the first quarter. Bank of Stockton now owns 6,086 shares of the railroad operator’s stock valued at $1,477,000 after purchasing an additional 4,798 shares during the period. Finally, Horst & Graben Wealth Management LLC purchased a new stake in shares of Union Pacific during the 1st quarter valued at approximately $290,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

NYSE UNP opened at $281.42 on Thursday. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $285.79. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The stock has a market capitalization of $167.08 billion, a PE ratio of 23.18, a P/E/G ratio of 2.98 and a beta of 0.96. The company’s 50 day simple moving average is $268.43 and its two-hundred day simple moving average is $253.35.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.70 EPS. Analysts predict that Union Pacific Corporation will post 12.56 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, May 29th. Union Pacific’s payout ratio is presently 45.47%.

Insiders Place Their Bets

In other news, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the sale, the chief financial officer owned 114,642 shares in the company, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Eric J. Gehringer sold 2,991 shares of the business’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 transaction, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their position. 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 ninety days. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UNP. Wells Fargo & Company lifted their price objective on shares of Union Pacific from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup reaffirmed a “buy” rating and issued a $307.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $285.00 price target (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. Barclays reiterated an “overweight” rating and set a $315.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Finally, Sanford C. Bernstein increased their price objective on Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. One investment analyst has 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.72.

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.