2,375 Shares in Union Pacific Corporation $UNP Purchased by TCM Advisors LLC

TCM Advisors LLC purchased a new stake in shares of Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,375 shares of the railroad operator’s stock, valued at approximately $646,000.

Several other large investors have also recently added to or reduced their stakes in the company. Capital World Investors grew its holdings in shares of Union Pacific by 92.1% during the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after purchasing an additional 9,655,306 shares in the last quarter. Norges Bank acquired a new position in shares of 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 worth $2,169,168,000 after purchasing an additional 3,861,636 shares during the period. Capital Research Global Investors boosted its stake in Union Pacific by 26.0% during the fourth quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock worth $2,540,105,000 after buying an additional 2,267,708 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Union Pacific by 16.8% in the 1st 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 buying an additional 2,084,808 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

NYSE:UNP opened at $307.97 on Monday. The stock has a market capitalization of $182.96 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 3.14 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. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The firm has a 50 day moving average of $286.30 and a 200-day moving average of $267.83.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $6.72 billion. During the same period last year, the firm posted $3.03 EPS. The business’s revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal 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 $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio is 44.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UNP shares. Wells Fargo & Company restated an “overweight” rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. TD Cowen reissued a “buy” rating and issued a $325.00 price target (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the company a “neutral” rating in a report on Thursday, July 23rd. Bank of America increased their target price on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Robert W. Baird upped their price target on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Insider Buying and Selling at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.22% of the company’s stock.

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.