Keebeck Wealth Management Buys Shares of 3,929 Union Pacific Corporation $UNP

Keebeck Wealth Management purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,929 shares of the railroad operator’s stock, valued at approximately $1,069,000.

Several other hedge funds have also made changes to their positions in the stock. Cambient Family Office LLC bought a new position in shares of Union Pacific during the fourth quarter worth about $1,319,000. First National Bank of Omaha lifted its position in Union Pacific by 35.8% in the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after purchasing an additional 14,399 shares during the last quarter. North Dakota State Investment Board acquired a new position in Union Pacific during the 4th quarter valued at about $4,746,000. Sage Investment Advisers LLC acquired a new position in Union Pacific during the 4th quarter valued at about $997,000. Finally, Truist Financial Corp grew its position in Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock worth $235,038,000 after purchasing an additional 30,079 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UNP shares. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Benchmark increased their price objective on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Robert W. Baird raised their target price on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. The Goldman Sachs Group set a $317.00 target price on Union Pacific and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $339.00 price target (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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 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 of the company’s stock, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.

Union Pacific Stock Up 1.3%

UNP stock opened at $307.97 on Friday. The firm’s 50-day moving average is $286.30 and its two-hundred day moving average is $267.60. The company has a market capitalization of $182.96 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 3.10 and a beta of 0.96. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. 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 (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, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business 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 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. On average, analysts forecast that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific’s payout ratio is currently 44.70%.

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.