SteelPeak Wealth LLC Purchases 11,362 Shares of Union Pacific Corporation $UNP

SteelPeak Wealth LLC grew its position in Union Pacific Corporation (NYSE:UNP) by 701.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 12,982 shares of the railroad operator’s stock after purchasing an additional 11,362 shares during the quarter. SteelPeak Wealth LLC’s holdings in Union Pacific were worth $3,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tucker Asset Management LLC purchased a new position in shares of Union Pacific during the fourth quarter valued at $25,000. SWAN Capital LLC lifted its stake in Union Pacific by 2,575.0% in 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 purchased a new stake in Union Pacific in the fourth quarter worth about $25,000. Saranac Partners Ltd bought a new position in Union Pacific during the 3rd quarter worth about $27,000. Finally, High Point Wealth Management LLC bought a new position in Union Pacific during the 4th quarter worth about $26,000. Institutional investors own 80.38% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at $16,605,079.52. The trade was a 30.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total value 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. This trade represents a 1.71% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 32,378 shares of company stock valued at $8,781,595. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on UNP shares. Benchmark reissued a “buy” rating and set a $325.00 target price (up from $300.00) on shares of Union Pacific in a research report on Wednesday. Sanford C. Bernstein upped their target price on Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Citigroup began coverage on Union Pacific in a research report on Wednesday. They set an “outperform” rating on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $285.00 price target (up from $278.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, Weiss Ratings downgraded Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $299.11.

More Union Pacific News

Here are the key news stories impacting Union Pacific this week:

• Positive Sentiment: Union Pacific received the first rail from Rocky Mountain Steel’s new $1.2 billion Pueblo mill, kicking off a seven-year domestic supply contract that could improve rail-input reliability and support efficiency. Article Title
• Positive Sentiment: Several analysts remain constructive, with recent price-target increases and buy/outperform-style ratings helping reinforce expectations for stronger earnings and continued momentum. Article Title
• Positive Sentiment: Heading into Q2 results, earnings estimates have been rising as stronger freight demand may offset volume and supply-chain pressures, which could set up a positive catalyst if Union Pacific beats expectations. Article Title
• Neutral Sentiment: A valuation article said Union Pacific looks fairly valued on cash flow, suggesting the shares may be closer to intrinsic value than deeply discounted, which is less of a near-term trading catalyst. Article Title
• Negative Sentiment: Dan Loeb’s Third Point cut its Union Pacific stake by more than 90% while also slashing other railroad holdings, a move that may pressure sentiment around the sector amid merger uncertainty. Article Title

Union Pacific Stock Up 0.7%

Union Pacific stock opened at $301.44 on Friday. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $303.15. The company has a market cap of $178.96 billion, a PE ratio of 24.83, a PEG ratio of 3.13 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. The business’s 50-day simple moving average is $271.93 and its two-hundred day simple moving average is $256.00.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the prior year, the business earned $2.70 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Corporation will post 12.62 EPS for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 29th. Union Pacific’s dividend payout ratio is presently 45.47%.

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.