First Horizon Corp Buys 4,391 Shares of Union Pacific Corporation $UNP

First Horizon Corp increased its position in Union Pacific Corporation (NYSE:UNP) by 16.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 31,573 shares of the railroad operator’s stock after acquiring an additional 4,391 shares during the quarter. First Horizon Corp’s holdings in Union Pacific were worth $7,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Key Financial Inc grew its position in shares of Union Pacific by 2.1% during the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after acquiring an additional 38 shares during the period. EJMK Ventures LLC raised its stake in shares of Union Pacific by 4.0% in 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 during the period. Rehmann Capital Advisory Group raised its stake in shares of Union Pacific by 0.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 6,637 shares of the railroad operator’s stock worth $1,535,000 after buying an additional 42 shares during the period. Fairvoy Private Wealth LLC lifted its position in shares of Union Pacific by 3.8% during the 1st quarter. Fairvoy Private Wealth LLC now owns 1,156 shares of the railroad operator’s stock valued at $280,000 after buying an additional 42 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its position in shares of Union Pacific by 2.0% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 2,096 shares of the railroad operator’s stock valued at $508,000 after buying an additional 42 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

NYSE UNP opened at $285.06 on Friday. The business’s 50 day moving average price is $268.77 and its 200-day moving average price is $253.70. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $285.79. The company has a market cap of $169.24 billion, a P/E ratio of 23.48, a P/E/G ratio of 2.95 and a beta of 0.96. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.Union Pacific’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $2.70 earnings per share. Sell-side analysts predict that Union Pacific Corporation will post 12.56 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is 45.47%.

Insider Transactions at Union Pacific

In related news, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the transaction, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,378 shares of company stock worth $8,781,595. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UNP shares. Barclays reiterated an “overweight” rating and issued a $315.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Sanford C. Bernstein upped their price objective on Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Susquehanna reiterated a “positive” rating and set a $305.00 target price on shares of Union Pacific in a research report on Friday, June 5th. Wells Fargo & Company boosted their price target on Union Pacific from $300.00 to $315.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $289.00 price objective (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $288.78.

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.