111 Capital Acquires New Shares in Union Pacific Corporation $UNP

Key Points

• 111 Capital acquired 5,476 Union Pacific shares in the second quarter, valued at approximately $1.49 million. Institutional investors collectively own 80.38% of the railroad operator.
• Analysts maintain a broadly positive outlook, with Union Pacific receiving a consensus “Moderate Buy” rating and an average price target of $320.89.
• Union Pacific exceeded quarterly earnings and revenue expectations, while raising its quarterly dividend to $1.42 per share from $1.38, representing a 1.9% annualized yield.

111 Capital acquired a new stake in Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,476 shares of the railroad operator's stock, valued at approximately $1,489,000.

A number of other large investors have also added to or reduced their stakes in UNP. Cambient Family Office LLC bought a new stake in Union Pacific in the fourth quarter worth about $1,319,000. First National Bank of Omaha grew its position in shares of 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 acquiring an additional 14,399 shares during the period. North Dakota State Investment Board purchased a new stake in shares of Union Pacific during the 4th quarter worth approximately $4,746,000. Sage Investment Advisers LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth approximately $997,000. Finally, Truist Financial Corp increased its position in Union Pacific by 3.1% in the fourth quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator's stock worth $235,038,000 after buying an additional 30,079 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 24th. Citizens Jmp assumed coverage on shares of Union Pacific in a report on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 price objective for the company. UBS Group reiterated 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. Barclays restated an "overweight" rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Stephens raised Union Pacific to a "strong-buy" rating in a report on Wednesday, July 8th. Two equities research 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $320.89.

Insiders Place Their Bets

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm'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 value of $789,504.36. Following the transaction, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.22% of the company's stock.

Union Pacific Stock Down 0.0%

Shares of NYSE:UNP opened at $293.57 on Monday. The firm has a fifty day moving average of $283.00 and a 200 day moving average of $265.37. The firm has a market capitalization of $174.40 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.96. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99.

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 the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business's revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $3.03 earnings per share. As a group, research analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date is Monday, August 31st. This is an increase from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 1.9%. Union Pacific's dividend payout ratio is presently 44.70%.

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.

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