5,310 Shares in Union Pacific Corporation $UNP Acquired by Knuff & Co LLC

Key Points

• Knuff & Co LLC acquired 5,310 Union Pacific shares worth approximately $1.44 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, implying an annualized payout of $5.68 and a 1.9% yield; analysts maintain a “Moderate Buy” consensus with a $320.89 target price.

Knuff & Co LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,310 shares of the railroad operator's stock, valued at approximately $1,444,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambient Family Office LLC purchased a new stake in Union Pacific in the fourth quarter worth about $1,319,000. First National Bank of Omaha increased its position in 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 purchasing an additional 14,399 shares during the period. North Dakota State Investment Board purchased a new position in Union Pacific during the 4th quarter valued at about $4,746,000. Sage Investment Advisers LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at about $997,000. Finally, Truist Financial Corp raised its holdings in shares of Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator's stock valued at $235,038,000 after purchasing an additional 30,079 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Insider Transactions 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 transaction, the executive vice president directly owned 43,012 shares of the company's stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company's stock.

Union Pacific Stock Performance

UNP stock opened at $301.69 on Thursday. The firm has a market cap of $179.23 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 3.05 and a beta of 0.96. The firm has a 50-day simple moving average of $284.87 and a two-hundred day simple moving average of $266.83. Union Pacific Corporation has a one year low of $210.84 and a one year 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 issued its quarterly earnings data 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. 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 company's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.03 EPS. On average, equities analysts forecast that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared 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 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%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific's dividend payout ratio is presently 44.70%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UNP shares. Robert W. Baird upped their price target on shares of Union Pacific from $311.00 to $344.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Wells Fargo & Company reissued an "overweight" rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. UBS Group reissued 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. Stephens upgraded Union Pacific to a "strong-buy" rating in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $339.00 target price (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $320.89.

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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