Cumberland Partners Ltd Buys 55,288 Shares of Union Pacific Corporation $UNP

Cumberland Partners Ltd lifted its stake in Union Pacific Corporation (NYSE:UNP) by 75.0% in the second quarter, HoldingsChannel.com reports. The firm owned 129,041 shares of the railroad operator’s stock after purchasing an additional 55,288 shares during the quarter. Union Pacific comprises 2.3% of Cumberland Partners Ltd’s investment portfolio, making the stock its 13th largest position. Cumberland Partners Ltd’s holdings in Union Pacific were worth $35,099,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of UNP. Gold Investment Management Ltd. lifted its holdings in Union Pacific by 0.8% during the 2nd quarter. Gold Investment Management Ltd. now owns 21,971 shares of the railroad operator’s stock worth $5,976,000 after buying an additional 185 shares in the last quarter. Moran Wealth Management LLC increased its stake in shares of Union Pacific by 7.9% in the 2nd quarter. Moran Wealth Management LLC now owns 4,439 shares of the railroad operator’s stock valued at $1,207,000 after buying an additional 325 shares during the period. Mosaic Family Wealth Partners LLC increased its stake in shares of Union Pacific by 42.7% in the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 5,699 shares of the railroad operator’s stock valued at $1,550,000 after buying an additional 1,706 shares during the period. Innovative Asset Advisors Group LLC raised its position in shares of Union Pacific by 12.3% during the second quarter. Innovative Asset Advisors Group LLC now owns 2,049 shares of the railroad operator’s stock worth $557,000 after acquiring an additional 225 shares during the last quarter. Finally, TBH Global Asset Management LLC raised its position in shares of Union Pacific by 10.5% during the second quarter. TBH Global Asset Management LLC now owns 1,988 shares of the railroad operator’s stock worth $541,000 after acquiring an additional 189 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UNP. UBS Group reiterated a “neutral” rating and issued a $310.00 price target (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Stephens upgraded shares of Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $320.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Barclays reaffirmed an “overweight” rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Insider Transactions at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was 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. Corporate insiders own 0.22% of the company’s stock.

Union Pacific Price Performance

Shares of UNP opened at $300.06 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The stock has a market cap of $178.26 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 3.00 and a beta of 0.96. The stock’s 50-day moving average price is $283.63 and its two-hundred day moving average price is $265.84.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.15. The company had revenue of $6.86 billion during 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%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.03 EPS. On average, equities analysts predict that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

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

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.