Csenge Advisory Group Buys New Holdings in Union Pacific Corporation $UNP

Csenge Advisory Group purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,624 shares of the railroad operator’s stock, valued at approximately $2,074,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in UNP. Tiemann Investment Advisors LLC raised its holdings in Union Pacific by 1.7% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator’s stock worth $576,000 after purchasing an additional 35 shares during the period. TFR Capital LLC. increased its stake in Union Pacific by 3.8% during the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock worth $266,000 after buying an additional 36 shares in the last quarter. Key Financial Inc raised its holdings in shares of Union Pacific by 2.1% during the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after acquiring an additional 38 shares during the last quarter. Members Trust Co lifted its holdings in Union Pacific by 2.5% in the 1st quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock valued at $382,000 after purchasing an additional 38 shares in the last quarter. Finally, EJMK Ventures LLC boosted its position in Union Pacific by 4.0% during the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock worth $247,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity

In related news, EVP Eric J. Gehringer sold 2,991 shares of the company’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 sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on UNP. Royal Bank Of Canada reiterated an “outperform” rating and issued a $339.00 price objective (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. JPMorgan Chase & Co. raised their target price on shares of Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Barclays reaffirmed an “overweight” rating and set a $350.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Finally, Robert W. Baird increased their price objective on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Price Performance

Union Pacific stock opened at $304.34 on Friday. The stock has a market capitalization of $180.80 billion, a P/E ratio of 24.64, a P/E/G ratio of 3.08 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The firm’s 50-day moving average is $285.59 and its two-hundred day moving average is $267.31.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 earned $3.03 earnings per share. Union Pacific’s revenue was up 11.5% compared to the same quarter last year. Equities analysts predict that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

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

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.