Ironvine Capital Partners LLC Buys 5,225 Shares of Union Pacific Corporation $UNP

Ironvine Capital Partners LLC lifted its position in shares of Union Pacific Corporation (NYSE:UNP) by 2.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 191,825 shares of the railroad operator’s stock after purchasing an additional 5,225 shares during the period. Union Pacific makes up approximately 4.6% of Ironvine Capital Partners LLC’s holdings, making the stock its 7th biggest holding. Ironvine Capital Partners LLC’s holdings in Union Pacific were worth $52,176,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cambient Family Office LLC purchased a new stake in Union Pacific during the 4th quarter worth $1,319,000. First National Bank of Omaha lifted its stake in shares of 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 purchasing an additional 14,399 shares in the last quarter. North Dakota State Investment Board acquired a new position in shares of Union Pacific during the fourth quarter worth about $4,746,000. Sage Investment Advisers LLC purchased a new stake in shares of Union Pacific in the fourth quarter worth about $997,000. Finally, National Pension Service grew its stake in shares of Union Pacific by 1.2% in the fourth quarter. National Pension Service now owns 1,316,496 shares of the railroad operator’s stock valued at $304,532,000 after buying an additional 15,785 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on UNP shares. Bank of America raised their target price on Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. UBS Group restated a “neutral” rating and issued a $310.00 price target (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. TD Cowen reaffirmed a “buy” rating and issued a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Citizens Jmp assumed coverage on shares of Union Pacific in a research note on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price objective on the stock. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

Union Pacific Trading Down 3.5%

Shares of UNP opened at $290.29 on Wednesday. The company has a market capitalization of $172.46 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.99 and a beta of 0.96. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The stock has a 50-day moving average price of $292.52 and a 200 day moving average price of $270.39.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data 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. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the previous year, the business earned $3.03 EPS. Union Pacific’s revenue for the quarter was up 11.5% compared to the same quarter last year. Sell-side analysts forecast that Union Pacific Corporation will post 13.02 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. Union Pacific’s dividend payout ratio is 45.99%.

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.