Union Pacific Corporation $UNP Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC decreased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 30.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 59,530 shares of the railroad operator’s stock after selling 26,585 shares during the quarter. Cornerstone Advisors LLC’s holdings in Union Pacific were worth $16,192,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. TFR Capital LLC. boosted its stake in shares of Union Pacific by 3.8% during the second quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock valued at $266,000 after acquiring an additional 36 shares during the last quarter. Key Financial Inc increased its position in Union Pacific by 2.1% during the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock worth $442,000 after purchasing an additional 38 shares in the last quarter. Members Trust Co raised its stake in Union Pacific by 2.5% in the 1st quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock valued at $382,000 after purchasing an additional 38 shares during the last quarter. EJMK Ventures LLC raised its stake in Union Pacific by 4.0% in the 1st quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock valued at $247,000 after purchasing an additional 39 shares during the last quarter. Finally, PDS Planning Inc lifted its holdings in Union Pacific by 0.7% in the 2nd quarter. PDS Planning Inc now owns 5,469 shares of the railroad operator’s stock valued at $1,488,000 after purchasing an additional 39 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the company’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on UNP. Robert W. Baird raised their price target on shares of Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Benchmark boosted their price objective on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Citigroup upped their price objective on shares of Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a research note on Friday, July 24th. UBS Group reaffirmed a “neutral” rating and issued a $310.00 target price (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Bank of America lifted their target price on shares of Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

Union Pacific Stock Up 1.0%

Shares of NYSE:UNP opened at $301.69 on Thursday. The stock’s 50-day moving average price is $284.87 and its two-hundred day moving average price is $266.83. 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 Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The firm has a market cap of $179.23 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 3.05 and a beta of 0.96.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter in the previous year, the business earned $3.03 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. On average, research analysts forecast that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The business also recently announced 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. The ex-dividend date is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.9%. Union Pacific’s payout ratio is presently 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.