Callan Family Office LLC Invests $7.58 Million in Union Pacific Corporation $UNP

Callan Family Office LLC purchased a new stake in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,864 shares of the railroad operator’s stock, valued at approximately $7,579,000.

Other hedge funds have also made changes to their positions in the company. Expressive Wealth LLC purchased a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $314,000. Gambit Capital Management LLC purchased a new position in Union Pacific during the 2nd quarter worth approximately $246,000. Heartland Advisors Inc. purchased a new position in Union Pacific during the 2nd quarter worth approximately $156,000. Shelter Mutual Insurance Co acquired a new stake in Union Pacific during the 2nd quarter valued at $9,662,000. Finally, Keebeck Wealth Management acquired a new stake in Union Pacific during the 2nd quarter valued at $1,069,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Bank of America raised their target price on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Evercore reissued an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a research report on Thursday, June 25th. BMO Capital Markets reissued a “market perform” rating and issued a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Finally, Citizens Jmp started coverage on Union Pacific in a research note on Wednesday, July 15th. They set an “outperform” rating and a $350.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $320.89.

Union Pacific Trading Up 1.3%

Shares of NYSE:UNP opened at $307.97 on Friday. The firm has a fifty day moving average of $286.30 and a two-hundred day moving average of $267.60. The firm has a market capitalization of $182.96 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 3.10 and a beta of 0.96. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the business posted $3.03 earnings per share. Union Pacific’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities analysts expect that Union Pacific Corporation will post 12.93 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. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio is presently 44.70%.

Insiders Place Their Bets

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

Union Pacific Profile

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.