12,301 Shares in Union Pacific Corporation $UNP Purchased by Kirtland Hills Capital Management LLC

Key Points

• Kirtland Hills Capital Management acquired 12,301 Union Pacific shares valued at approximately $3.35 million, while institutional investors collectively own 80.38% of the company.
• Union Pacific exceeded quarterly expectations, reporting $3.41 in EPS and $6.86 billion in revenue, with revenue up 11.5% year over year.
• The company raised its quarterly dividend from $1.38 to $1.42 per share, equivalent to a $5.68 annualized payout and a 1.8% yield; analysts maintain a “Moderate Buy” consensus with a $320.89 target price.

Kirtland Hills Capital Management LLC acquired a new stake in Union Pacific Corporation (NYSE:UNP - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,301 shares of the railroad operator's stock, valued at approximately $3,346,000.

Several other hedge funds have also recently added to or reduced their stakes in UNP. Acadian Asset Management LLC lifted its stake in Union Pacific by 40.4% in the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator's stock valued at $546,000 after buying an additional 665 shares in the last quarter. Schnieders Capital Management LLC. increased its position in Union Pacific by 0.5% during the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator's stock worth $4,741,000 after buying an additional 102 shares in the last quarter. Main Street Financial Solutions LLC increased its position in Union Pacific by 1.6% during the second quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator's stock worth $859,000 after buying an additional 58 shares in the last quarter. HUB Investment Partners LLC raised its holdings in shares of Union Pacific by 10.0% in the second quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator's stock worth $1,401,000 after acquiring an additional 554 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Union Pacific by 7.4% in the second quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator's stock worth $351,660,000 after acquiring an additional 105,664 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Union Pacific

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

Union Pacific Stock Performance

NYSE UNP opened at $307.97 on Friday. The business's 50-day moving average price is $286.30 and its 200 day moving average price is $267.60. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The company has a market capitalization of $182.96 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96. 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 (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period last year, the company earned $3.03 EPS. The firm's quarterly revenue was up 11.5% on a year-over-year basis. On average, research analysts predict that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend 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 is presently 44.70%.

Wall Street Analyst Weigh In

UNP has been the topic of a number of analyst reports. Robert W. Baird increased their price objective on Union Pacific from $311.00 to $344.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Barclays reissued 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $339.00 price target (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Stephens upgraded shares of Union Pacific to a "strong-buy" rating in a report on Wednesday, July 8th. Finally, Bank of America boosted their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Two investment 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $320.89.

About Union Pacific

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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