Danske Bank A S Invests $2.36 Million in Union Pacific Corporation $UNP

Danske Bank A S acquired a new stake in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, Holdings Channel.com reports. The fund acquired 8,674 shares of the railroad operator’s stock, valued at approximately $2,359,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UNP. Tiemann Investment Advisors LLC raised its position in shares of Union Pacific by 1.7% during 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. lifted its holdings in Union Pacific by 3.8% in the second quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock worth $266,000 after purchasing an additional 36 shares during the period. Key Financial Inc grew its position in Union Pacific by 2.1% in the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after buying an additional 38 shares in the last quarter. Members Trust Co increased its stake in Union Pacific by 2.5% during the 1st quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock valued at $382,000 after buying an additional 38 shares during the period. Finally, EJMK Ventures LLC raised its position in shares of Union Pacific by 4.0% during the 1st 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. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $307.97 on Friday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The stock has a market capitalization of $182.96 billion, a P/E ratio of 24.94, a P/E/G ratio of 3.10 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 business has a 50-day moving average price of $286.30 and a two-hundred day moving average price of $267.60.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping 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 business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same period in the previous year, the firm earned $3.03 earnings per share. The firm’s quarterly 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a $1.42 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. Union Pacific’s dividend payout ratio (DPR) is 44.70%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UNP. UBS Group reiterated a “neutral” rating and set a $310.00 price target (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Robert W. Baird boosted their price target on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Evercore reaffirmed an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a research note on Thursday, June 25th. Susquehanna lifted their price objective on shares of Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. Finally, Bank of America raised their price target on shares of Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Two research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

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.