11,867 Shares in Union Pacific Corporation $UNP Acquired by Northcape Wealth Management LLC

Northcape Wealth Management LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 11,867 shares of the railroad operator’s stock, valued at approximately $3,228,000.

A number of other institutional investors and hedge funds have also bought and sold shares of UNP. Cambient Family Office LLC purchased a new stake in Union Pacific in the fourth quarter worth about $1,319,000. First National Bank of Omaha increased its position in Union Pacific by 35.8% during the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after purchasing an additional 14,399 shares during the period. North Dakota State Investment Board purchased a new position in Union Pacific during the 4th quarter valued at about $4,746,000. Sage Investment Advisers LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at about $997,000. Finally, Truist Financial Corp raised its holdings in shares of Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock valued at $235,038,000 after purchasing an additional 30,079 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Up 0.8%

NYSE UNP opened at $304.34 on Friday. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The company has a 50 day moving average price of $285.59 and a 200 day moving average price of $267.31. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a market cap of $180.80 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 3.08 and a beta of 0.96.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period last year, the firm earned $3.03 earnings per share. Union Pacific’s revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is currently 44.70%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UNP. Benchmark upped their price target on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. UBS Group reissued a “neutral” rating and issued a $310.00 price objective (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Bank of America boosted their price objective 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. Susquehanna increased their target price on Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $320.89.

Insider Buying and Selling at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is owned by insiders.

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.