Shelter Mutual Insurance Co Makes New $9.66 Million Investment in Union Pacific Corporation $UNP

Shelter Mutual Insurance Co bought a new position in shares of Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 35,523 shares of the railroad operator’s stock, valued at approximately $9,662,000. Union Pacific comprises approximately 2.0% of Shelter Mutual Insurance Co’s investment portfolio, making the stock its 17th biggest holding.

Other large investors have also recently made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in Union Pacific during the 4th quarter valued at about $25,000. SWAN Capital LLC increased its position in shares of Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares during the period. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific during the fourth quarter valued at approximately $25,000. High Point Wealth Management LLC bought a new stake in shares of Union Pacific during the fourth quarter valued at approximately $26,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Union Pacific in the first quarter valued at approximately $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the company’s 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 transaction, the executive vice president directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Union Pacific Price Performance

UNP opened at $307.97 on Friday. The business’s 50-day moving average is $286.30 and its two-hundred day moving average is $267.60. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The firm has a market capitalization of $182.96 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 3.10 and a beta of 0.96.

Union Pacific (NYSE:UNP) last announced its earnings results 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 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 the consensus estimate of $6.72 billion. During the same period in the previous year, the company posted $3.03 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. Research analysts anticipate 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 paid a $1.42 dividend. This represents a $5.68 annualized dividend 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 44.70%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UNP. Royal Bank Of Canada reissued an “outperform” rating and issued a $339.00 price objective (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Barclays reiterated an “overweight” rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. BMO Capital Markets restated a “market perform” rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, Raymond James Financial reaffirmed 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, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $320.89.

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.