Harrison Street Private Wealth LLC Invests $4.70 Million in Union Pacific Corporation $UNP

Harrison Street Private Wealth LLC bought a new stake in Union Pacific Corporation (NYSE:UNP) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 19,380 shares of the railroad operator’s stock, valued at approximately $4,702,000. Union Pacific makes up 6.2% of Harrison Street Private Wealth LLC’s portfolio, making the stock its 5th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. Tucker Asset Management LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at $25,000. SWAN Capital LLC boosted its stake in Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after buying an additional 103 shares during the period. Rachor Investment Advisory Services LLC purchased a new position in Union Pacific during the fourth quarter worth about $25,000. Saranac Partners Ltd purchased a new position in Union Pacific during the third quarter worth about $27,000. Finally, High Point Wealth Management LLC bought a new position in Union Pacific in the 4th quarter worth about $26,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE UNP opened at $282.50 on Friday. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $282.80. The stock has a market capitalization of $167.73 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.92 and a beta of 0.96. The company’s 50-day moving average is $267.03 and its 200 day moving average is $252.06. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the firm posted $2.70 earnings per share. Union Pacific’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts expect that Union Pacific Corporation will post 12.55 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, May 29th. Union Pacific’s payout ratio is currently 45.47%.

Insider Activity

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This trade represents a 30.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific 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 owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,378 shares of company stock valued at $8,781,595 in the last quarter. 0.22% of the stock is currently owned by insiders.

Trending Headlines about Union Pacific

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

• Positive Sentiment: Union Pacific is drawing support from a positive earnings outlook, as analysts expect its upcoming quarterly report to show single-digit bottom-line growth, keeping expectations for a solid results season in place. Union Pacific’s Quarterly Earnings Preview: What You Need to Know
• Positive Sentiment: Another note pointed to Union Pacific shares gaining after quarterly revenue growth, suggesting investors are reacting favorably to operational improvement and better top-line performance. Union Pacific (NYSE:UNP) Shares Gain After Quarterly Revenue Growth
• Positive Sentiment: Brokerage sentiment remains constructive, with Union Pacific receiving a consensus rating of “Moderate Buy,” which can help support the stock. Union Pacific Corporation (NYSE:UNP) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Investors are also watching broader rail industry trends, including rising intermodal volumes and higher fuel/trucking costs that are affecting major U.S. railroads, though the impact on Union Pacific specifically is less clear. Rising intermodal volume slows big four U.S. rail systems
• Negative Sentiment: A Kansas federal court granted class action status in a lawsuit alleging Union Pacific historically dumped carcinogenic chemicals near Wichita neighborhoods, increasing legal and reputational risk for the company. Lanier Law Firm: Class Action Certified Against Union Pacific for Dumping Carcinogenic Chemicals in Historically Black Wichita Neighborhoods

Analyst Upgrades and Downgrades

UNP has been the subject of several research analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $300.00 target price (up from $260.00) on shares of Union Pacific in a research report on Friday, April 24th. Citigroup restated a “buy” rating and set a $307.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. Benchmark upped their target price on shares of Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Sanford C. Bernstein increased their target price on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Finally, Susquehanna restated a “positive” rating and set a $305.00 price target on shares of Union Pacific in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $283.11.

About Union Pacific

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.