Everett Harris & Co. CA Purchases 3,032 Shares of Union Pacific Corporation $UNP

Everett Harris & Co. CA grew its position in Union Pacific Corporation (NYSE:UNP) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,148 shares of the railroad operator’s stock after acquiring an additional 3,032 shares during the period. Everett Harris & Co. CA’s holdings in Union Pacific were worth $17,152,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. LPL Financial LLC raised its stake in shares of Union Pacific by 3.8% in the fourth quarter. LPL Financial LLC now owns 1,371,839 shares of the railroad operator’s stock valued at $317,334,000 after acquiring an additional 49,864 shares during the last quarter. Miramar Capital LLC raised its stake in shares of Union Pacific by 0.5% in the fourth quarter. Miramar Capital LLC now owns 62,334 shares of the railroad operator’s stock valued at $14,419,000 after acquiring an additional 281 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Union Pacific by 0.5% in the fourth quarter. Franklin Resources Inc. now owns 7,198,449 shares of the railroad operator’s stock valued at $1,665,145,000 after acquiring an additional 34,115 shares during the last quarter. Erste Asset Management GmbH raised its stake in shares of Union Pacific by 40.8% in the fourth quarter. Erste Asset Management GmbH now owns 23,683 shares of the railroad operator’s stock valued at $5,554,000 after acquiring an additional 6,862 shares during the last quarter. Finally, Brandywine Global Investment Management LLC raised its stake in shares of Union Pacific by 39.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 384,313 shares of the railroad operator’s stock valued at $88,899,000 after acquiring an additional 108,333 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of research analyst reports. Susquehanna reiterated a “positive” rating and issued a $305.00 target price on shares of Union Pacific in a research note on Friday. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Barclays restated an “overweight” rating and issued a $315.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, Robert W. Baird set a $311.00 price objective on shares of Union Pacific and gave the stock an “outperform” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $282.21.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $268.84 on Tuesday. The firm has a fifty day moving average of $259.92 and a two-hundred day moving average of $247.54. The stock has a market capitalization of $159.61 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 2.89 and a beta of 0.97. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $279.70. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the business earned $2.70 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts predict that Union Pacific Corporation will post 12.53 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s payout ratio is 45.47%.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of the business’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 owned 43,012 shares of the company’s stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This trade represents a 30.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,377 shares of company stock valued at $9,251,221 in the last quarter. Company insiders own 0.22% of the company’s stock.

Union Pacific Company 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.