Running Oak Capital LLC Buys 2,419 Shares of Union Pacific Corporation $UNP

Running Oak Capital LLC lifted its position in shares of Union Pacific Corporation (NYSE:UNP) by 7.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 35,955 shares of the railroad operator’s stock after purchasing an additional 2,419 shares during the quarter. Running Oak Capital LLC’s holdings in Union Pacific were worth $8,273,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Highline Wealth Partners LLC raised its holdings in shares of Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after purchasing an additional 112 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in shares of Union Pacific during the 1st quarter valued at about $32,000. WPG Advisers LLC purchased a new position in shares of Union Pacific during the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC raised its stake in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after buying an additional 56 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on UNP shares. Robert W. Baird began coverage on Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price objective on the stock. Evercore ISI reduced their price target on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research note on Friday, July 25th. Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and upped their target price for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Finally, Citigroup raised shares of Union Pacific from a “neutral” rating to a “buy” rating and lifted their price target for the company from $250.00 to $251.00 in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.54.

Union Pacific Stock Performance

Shares of UNP stock opened at $236.60 on Monday. The company has a market capitalization of $140.33 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The company’s 50-day moving average is $223.67 and its 200 day moving average is $224.44.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.74 earnings per share. Sell-side analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a $1.38 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is presently 47.96%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.