19,019 Shares in Union Pacific Corporation $UNP Purchased by Deane Retirement Strategies Inc.

Key Points

• Deane Retirement Strategies purchased 19,019 Union Pacific shares worth approximately $5.17 million, making the railroad operator 2.2% of its portfolio. Institutional investors collectively own 80.38% of the company.
• Union Pacific exceeded quarterly expectations, reporting $3.41 in EPS versus a $3.26 consensus estimate and $6.86 billion in revenue, up 11.5% year over year.
• The company raised its quarterly dividend to $1.42 per share, equivalent to an annualized $5.68 payout and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $320.89.

Deane Retirement Strategies Inc. purchased a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,019 shares of the railroad operator's stock, valued at approximately $5,174,000. Union Pacific accounts for approximately 2.2% of Deane Retirement Strategies Inc.'s portfolio, making the stock its 17th largest position.

Several other hedge funds have also bought and sold shares of the business. Rachor Investment Advisory Services LLC bought a new position in shares of Union Pacific during the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC bought a new stake in shares of Union Pacific in the 4th quarter worth approximately $25,000. SWAN Capital LLC boosted its position in shares of Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock worth $25,000 after purchasing an additional 103 shares in the last quarter. High Point Wealth Management LLC bought a new stake in shares of Union Pacific in the 4th quarter worth approximately $26,000. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Union Pacific in the 4th quarter worth approximately $27,000. Institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

Shares of UNP opened at $292.98 on Monday. The firm has a market cap of $174.05 billion, a PE ratio of 23.72, a P/E/G ratio of 3.00 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. The firm has a fifty day simple moving average of $280.13 and a two-hundred day simple moving average of $263.07. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion for the quarter, compared to analysts' expectations 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 was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.03 EPS. On average, equities analysts anticipate that Union Pacific Corporation will post 12.9 EPS for the current year.

Union Pacific Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UNP. Susquehanna raised their price objective on Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. BMO Capital Markets reissued a "market perform" rating and issued a $320.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. 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. Citizens Jmp assumed coverage on Union Pacific in a report on Wednesday, July 15th. They set an "outperform" rating and a $350.00 price target for the company. Finally, Evercore reaffirmed an "outperform" rating and issued a $294.00 price target on shares of Union Pacific in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Union Pacific currently has a consensus rating of "Moderate Buy" and an average price target of $320.89.

Insiders Place Their Bets

In other Union Pacific 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 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. The trade was a 6.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.22% of the company's stock.

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.

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