Union Pacific Corporation $UNP Shares Bought by Clearstead Trust LLC

Clearstead Trust LLC grew its holdings in Union Pacific Corporation (NYSE:UNP) by 68.9% during the second quarter, HoldingsChannel reports. The firm owned 5,253 shares of the railroad operator’s stock after acquiring an additional 2,142 shares during the period. Clearstead Trust LLC’s holdings in Union Pacific were worth $1,429,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of UNP. Key Financial Inc grew its position in shares of Union Pacific by 2.1% in the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after purchasing an additional 38 shares in the last quarter. Members Trust Co increased its holdings in shares of Union Pacific by 2.5% in the first 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 during the last quarter. EJMK Ventures LLC lifted 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 buying an additional 39 shares in the last quarter. PDS Planning Inc lifted its position in Union Pacific by 0.7% during the second quarter. PDS Planning Inc now owns 5,469 shares of the railroad operator’s stock worth $1,488,000 after buying an additional 39 shares in the last quarter. Finally, Wealthquest Corp boosted its stake in Union Pacific by 3.7% during the first quarter. Wealthquest Corp now owns 1,108 shares of the railroad operator’s stock worth $269,000 after buying an additional 40 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Union Pacific

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

Union Pacific Trading Up 2.2%

UNP opened at $300.06 on Tuesday. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99. The stock has a market capitalization of $178.26 billion, a PE ratio of 24.30, a P/E/G ratio of 3.00 and a beta of 0.96. The business’s 50 day moving average price is $283.63 and its 200 day moving average price is $265.84. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data 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. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.03 earnings per share. As a group, equities research analysts expect that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. This is a boost 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 annualized dividend and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio is currently 44.70%.

Analyst Ratings Changes

UNP has been the subject of several analyst reports. Barclays restated an “overweight” rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. TD Cowen reissued a “buy” rating and set a $325.00 price target (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Stephens raised shares of Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. upped their price objective 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. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.89.

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.