Mill Capital Management LLC Buys 4,260 Shares of Union Pacific Corporation $UNP

Mill Capital Management LLC grew its position in Union Pacific Corporation (NYSE:UNP) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,355 shares of the railroad operator’s stock after buying an additional 4,260 shares during the quarter. Union Pacific accounts for 2.5% of Mill Capital Management LLC’s holdings, making the stock its 12th largest holding. Mill Capital Management LLC’s holdings in Union Pacific were worth $32,597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rachor Investment Advisory Services LLC bought a new position in Union Pacific during the 4th quarter worth about $25,000. Tucker Asset Management LLC purchased a new position in Union Pacific during the 4th quarter valued at about $25,000. SWAN Capital LLC raised its holdings in shares of Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. High Point Wealth Management LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at about $26,000. Finally, Saranac Partners Ltd purchased a new stake in shares of Union Pacific in the 3rd quarter worth approximately $27,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.2%

NYSE:UNP opened at $288.44 on Wednesday. The company has a market capitalization of $171.25 billion, a P/E ratio of 23.76, a PEG ratio of 3.03 and a beta of 0.96. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $291.66. The firm has a fifty day simple moving average of $270.10 and a 200-day simple moving average of $254.84.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period last year, the business posted $2.70 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Union Pacific Corporation will post 12.59 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Union Pacific’s payout ratio is 45.47%.

Insider Activity

In related news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the transaction, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 32,378 shares of company stock valued at $8,781,595 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UNP. Stephens raised Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Barclays reissued an “overweight” rating and issued a $315.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. UBS Group reaffirmed a “neutral” rating and set a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Union Pacific from $275.00 to $304.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

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.