6,410 Shares in Union Pacific Corporation $UNP Bought by BOK Financial Private Wealth Inc.

Key Points

• BOK Financial Private Wealth acquired 6,410 Union Pacific shares worth approximately $1.74 million during the second quarter. Institutional investors collectively own 80.38% of the railroad operator.
• Analysts maintain a broadly positive outlook, with Union Pacific receiving a consensus “Moderate Buy” rating and an average price target of $320.89. Recent targets range from $310 to $350.
• Union Pacific reported better-than-expected quarterly results, including $3.41 in EPS and $6.86 billion in revenue, while revenue rose 11.5% year over year. The company also increased its quarterly dividend to $1.42, implying a 1.9% annual yield.

BOK Financial Private Wealth Inc. purchased a new stake in Union Pacific Corporation (NYSE:UNP - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,410 shares of the railroad operator's stock, valued at approximately $1,744,000.

A number of other large investors have also recently added to or reduced their stakes in UNP. Vanguard Group Inc. raised its stake in shares of Union Pacific by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator's stock valued at $13,724,045,000 after purchasing an additional 659,378 shares in the last quarter. State Street Corp grew its stake in Union Pacific by 4.3% in the fourth quarter. State Street Corp now owns 26,330,080 shares of the railroad operator's stock worth $6,090,674,000 after purchasing an additional 1,082,285 shares in the last quarter. Capital World Investors grew its stake in Union Pacific by 92.1% in the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator's stock worth $4,658,142,000 after purchasing an additional 9,655,306 shares in the last quarter. Geode Capital Management LLC increased its holdings in Union Pacific by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator's stock valued at $3,552,550,000 after buying an additional 296,814 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Union Pacific by 16.8% during the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator's stock valued at $3,509,030,000 after buying an additional 2,084,808 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on UNP shares. Barclays reaffirmed an "overweight" rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Susquehanna upped their price target on Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. raised their price objective on Union Pacific from $304.00 to $334.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. UBS Group reaffirmed a "neutral" rating and issued a $310.00 price objective (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, Citigroup boosted their target price on shares of Union Pacific from $326.00 to $349.00 and gave the company a "buy" rating in a research note 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 issued a Hold rating to the company's stock. According to MarketBeat.com, Union Pacific has an average rating of "Moderate Buy" and a consensus price target of $320.89.

Insider Transactions at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the business's 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 completion of the transaction, the executive vice president owned 43,012 shares of the company's stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.22% of the company's stock.

Union Pacific Stock Up 1.0%

NYSE:UNP opened at $301.69 on Thursday. 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 stock has a 50 day moving average of $284.87 and a 200-day moving average of $266.83. The firm has a market capitalization of $179.23 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 3.05 and a beta of 0.96. 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 announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter last year, the business posted $3.03 EPS. The business's revenue was up 11.5% on a year-over-year basis. Analysts predict that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date is Monday, August 31st. 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%. Union Pacific's dividend payout ratio (DPR) is 44.70%.

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.

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source