10,069 Shares in Union Pacific Corporation $UNP Acquired by Roberts Glore & Co. Inc. IL

Key Points

• Roberts Glore & Co. Inc. IL acquired 10,069 Union Pacific shares worth approximately $2.74 million in the second quarter. Institutional investors collectively own 80.38% of the railroad operator.
• Analysts maintain a generally positive outlook, with Union Pacific carrying a consensus “Moderate Buy” rating and an average price target of $320.89. Recent target increases include JPMorgan to $334 and Robert W. Baird to $344.
• Union Pacific exceeded quarterly earnings and revenue expectations, reporting $3.41 EPS and $6.86 billion in revenue, while revenue rose 11.5% year over year. The company also raised its quarterly dividend to $1.42, equivalent to a 1.8% annual yield.

Roberts Glore & Co. Inc. IL bought a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,069 shares of the railroad operator's stock, valued at approximately $2,739,000.

Several other hedge funds have also recently added to or reduced their stakes in UNP. Valtrion Capital Management LLC acquired a new position in shares of Union Pacific in the 2nd quarter worth approximately $402,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Union Pacific during the second quarter worth $12,131,000. Jupiter Topco LLC acquired a new stake in shares of Union Pacific during the second quarter worth $479,274,000. J. Goldman & Co LP acquired a new stake in shares of Union Pacific during the second quarter worth $2,413,000. Finally, EFG International AG bought a new position in Union Pacific during the second quarter worth $50,172,000. Institutional investors own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

UNP has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of 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 issued a $294.00 price objective on shares of Union Pacific in a research report on Thursday, June 25th. Susquehanna boosted their price objective on Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research note on Monday, July 13th. Finally, Robert W. Baird upped their target price on Union Pacific from $311.00 to $344.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $320.89.

Insider Buying and Selling

In related news, EVP Eric J. Gehringer sold 2,991 shares of the business'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 completion of the sale, the executive vice president directly 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 SEC, which is available at the SEC website. 0.22% of the stock is owned by insiders.

Union Pacific Stock Up 0.1%

Shares of NYSE UNP opened at $310.11 on Wednesday. The firm has a market cap of $184.23 billion, a PE ratio of 25.11, a P/E/G ratio of 3.16 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's fifty day simple moving average is $287.99 and its 200 day simple moving average is $268.73. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS 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 during the quarter, compared to analysts' expectations of $6.72 billion. During the same period last year, the company posted $3.03 earnings per share. The business's quarterly revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts forecast that Union Pacific Corporation will post 12.93 earnings per share 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 paid a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.8%. This is a boost from Union Pacific's previous quarterly dividend of $1.38. Union Pacific's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source