Union Pacific Corporation $UNP Shares Bought by Finivi Inc.

Finivi Inc. grew its stake in Union Pacific Corporation (NYSE:UNP) by 404.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,491 shares of the railroad operator’s stock after acquiring an additional 4,402 shares during the quarter. Finivi Inc.’s holdings in Union Pacific were worth $1,493,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Capital World Investors raised its stake in Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock valued at $4,658,142,000 after purchasing an additional 9,655,306 shares during the last quarter. Norges Bank acquired a new stake in shares of Union Pacific during the 4th quarter worth about $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock worth $2,169,168,000 after buying an additional 3,861,636 shares in the last quarter. Capital Research Global Investors raised its position in shares of Union Pacific by 26.0% in the fourth quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock valued at $2,540,105,000 after buying an additional 2,267,708 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Union Pacific by 16.8% in the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock valued at $3,509,030,000 after buying an additional 2,084,808 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE UNP opened at $292.98 on Monday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The business has a 50-day moving average of $280.13 and a 200-day moving average of $263.07. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The company has a market capitalization of $174.05 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 3.00 and a beta of 0.96.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.Union Pacific’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.03 EPS. On average, equities analysts anticipate that Union Pacific Corporation will post 12.9 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio is presently 44.70%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UNP. Barclays restated an “overweight” rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. JPMorgan Chase & Co. boosted their price target on Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Evercore reissued an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a research note on Thursday, June 25th. Wells Fargo & Company restated an “overweight” rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $320.89.

Insider Buying and Selling at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

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.