15,000 Shares in Union Pacific Corporation $UNP Acquired by Barbara Oil Co.

Key Points

• Barbara Oil Co. acquired 15,000 Union Pacific shares in the second quarter, worth approximately $4.08 million and representing 1.4% of its portfolio. Institutional investors collectively own 80.38% of UNP.
• Union Pacific reported quarterly earnings of $3.41 per share and revenue of $6.86 billion, exceeding analyst estimates, while revenue increased 11.5% year over year.
• The company raised its quarterly dividend from $1.38 to $1.42 per share, equivalent to an annualized $5.68 dividend and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $320.89.

Barbara Oil Co. acquired 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 13F filing with the SEC. The fund acquired 15,000 shares of the railroad operator's stock, valued at approximately $4,080,000. Union Pacific accounts for 1.4% of Barbara Oil Co.'s portfolio, making the stock its 21st biggest holding.

Other hedge funds also recently bought and sold shares of the company. Tiemann Investment Advisors LLC increased its stake in Union Pacific by 1.7% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator's stock worth $576,000 after buying an additional 35 shares during the period. TFR Capital LLC. boosted its position in Union Pacific by 3.8% in the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator's stock valued at $266,000 after buying an additional 36 shares during the period. Key Financial Inc grew its stake in Union Pacific by 2.1% in the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator's stock worth $442,000 after acquiring an additional 38 shares in the last quarter. Members Trust Co grew its stake in Union Pacific by 2.5% in the 1st quarter. Members Trust Co now owns 1,573 shares of the railroad operator's stock worth $382,000 after acquiring an additional 38 shares in the last quarter. Finally, EJMK Ventures LLC grew its stake in Union Pacific by 4.0% in the 1st quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator's stock worth $247,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

Shares of UNP stock opened at $307.97 on Monday. The firm has a market cap of $182.96 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 3.14 and a beta of 0.96. The company's 50 day moving average is $286.30 and its 200 day moving average is $267.83. 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 Corporation has a 52-week low of $210.84 and a 52-week high of $315.99.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts' consensus estimates 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%.Union Pacific's revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.03 earnings per share. On average, sell-side 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. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. Union Pacific's dividend payout ratio is 44.70%.

Insiders Place Their Bets

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific 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 transaction, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UNP. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a research note on Monday, July 13th. BMO Capital Markets reaffirmed a "market perform" rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Robert W. Baird upped their target price on Union Pacific from $311.00 to $344.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Benchmark increased their price target on Union Pacific from $325.00 to $335.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Finally, Susquehanna raised their price target on Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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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