Everett Harris & Co. CA Increases Stock Holdings in Union Pacific Corporation $UNP

Everett Harris & Co. CA grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 9.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,305 shares of the railroad operator’s stock after purchasing an additional 8,425 shares during the quarter. Everett Harris & Co. CA’s holdings in Union Pacific were worth $26,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of UNP. Capital World Investors boosted its holdings in shares of Union Pacific by 92.1% in the 4th 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 in the last quarter. Norges Bank purchased a new stake in Union Pacific in the fourth quarter valued at $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Union Pacific by 72.7% in the third 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 valued at $2,169,168,000 after acquiring an additional 3,861,636 shares during the last quarter. Capital Research Global Investors lifted its position in Union Pacific by 26.0% in the fourth quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock valued at $2,540,105,000 after acquiring an additional 2,267,708 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Union Pacific by 16.8% in the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock valued at $3,509,030,000 after acquiring an additional 2,084,808 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

Union Pacific Trading Down 1.4%

NYSE:UNP opened at $293.57 on Friday. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The stock’s 50 day simple moving average is $283.00 and its 200-day simple moving average is $265.13. The firm has a market cap of $174.40 billion, a P/E ratio of 23.77, a PEG ratio of 3.04 and a beta of 0.96.

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

Union Pacific Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on UNP. Barclays reaffirmed an “overweight” rating and set a $350.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Wells Fargo & Company reissued an “overweight” rating and issued a $335.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. The Goldman Sachs Group set a $317.00 target price on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Finally, Susquehanna lifted their price target on Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. Two investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $320.89.

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.