3,929 Shares in Union Pacific Corporation $UNP Purchased by Keebeck Wealth Management

Key Points

• Keebeck Wealth Management purchased 3,929 Union Pacific shares worth approximately $1.07 million during the second quarter. Institutional investors collectively own 80.38% of the railroad operator.
• Union Pacific reported quarterly EPS of $3.41, exceeding estimates of $3.26, while revenue rose 11.5% year over year to $6.86 billion.
• The company increased its quarterly dividend from $1.38 to $1.42 per share, equivalent to an annualized dividend of $5.68 and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $320.89.

Keebeck Wealth Management purchased a new position 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 firm purchased 3,929 shares of the railroad operator's stock, valued at approximately $1,069,000.

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

Union Pacific Stock Up 1.3%

Shares of NYSE:UNP opened at $307.97 on Friday. 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. The company has a 50 day moving average of $286.30 and a two-hundred day moving average of $267.60. The company has a market capitalization of $182.96 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 3.10 and a beta of 0.96.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm's revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.03 EPS. As a group, analysts forecast that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm 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 dividend of $1.42 per share. This is an increase from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.8%. Union Pacific's dividend payout ratio (DPR) is currently 44.70%.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, 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 legal filing with the SEC, which is available through this link. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on UNP shares. BMO Capital Markets reaffirmed a "market perform" rating and set a $320.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Robert W. Baird boosted their price objective on shares of Union Pacific from $311.00 to $344.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Bank of America lifted their target price on Union Pacific from $301.00 to $334.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research report on Monday, July 13th. Finally, Citizens Jmp initiated coverage on shares of Union Pacific in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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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