6,451 Shares in Union Pacific Corporation $UNP Acquired by Western Wealth Management LLC

Western Wealth Management LLC acquired a new stake in Union Pacific Corporation (NYSE:UNP) in the second quarter, Holdings Channel reports. The fund acquired 6,451 shares of the railroad operator’s stock, valued at approximately $1,755,000.

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

Insider Transactions at Union Pacific

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

Wall Street Analyst Weigh In

UNP has been the subject of several research analyst reports. Robert W. Baird raised their price target on shares of Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Susquehanna upped their price objective on Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reissued an “outperform” rating and set a $339.00 price objective (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. UBS Group reissued a “neutral” rating and issued a $310.00 target price (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Two investment 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Stock Up 0.1%

Union Pacific stock opened at $310.11 on Wednesday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The firm has a market capitalization of $184.23 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 3.16 and a beta of 0.96. 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 firm has a 50 day simple moving average of $287.99 and a 200 day simple moving average of $268.73.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.03 earnings per share. On average, analysts predict that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed 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 represents a $5.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio is presently 44.70%.

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.