6,865 Shares in Union Pacific Corporation $UNP Acquired by Magnolia Capital Advisors LLC

Key Points

• Magnolia Capital Advisors acquired 6,865 Union Pacific shares during the second quarter, valued at approximately $1.87 million. Institutional investors collectively own 80.38% of the railroad operator.
• Analysts maintain a favorable outlook, with Union Pacific receiving a consensus “Moderate Buy” rating and an average price target of $320.89; Barclays raised its target to $350.
• Union Pacific exceeded quarterly earnings and revenue expectations, reporting $3.41 EPS and $6.86 billion in revenue, while increasing its quarterly dividend from $1.38 to $1.42 per share.

Magnolia Capital Advisors LLC purchased a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,865 shares of the railroad operator's stock, valued at approximately $1,867,000.

Several other institutional investors have also recently bought and sold shares of the business. Cambient Family Office LLC acquired a new position in Union Pacific during the fourth quarter worth approximately $1,319,000. First National Bank of Omaha lifted its position in shares of Union Pacific by 35.8% in the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator's stock valued at $12,665,000 after buying an additional 14,399 shares during the last quarter. North Dakota State Investment Board acquired a new stake in shares of Union Pacific in the fourth quarter valued at approximately $4,746,000. Sage Investment Advisers LLC bought a new position in shares of Union Pacific during the 4th quarter worth approximately $997,000. Finally, Truist Financial Corp boosted its stake in shares of Union Pacific by 3.1% during the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator's stock worth $235,038,000 after acquiring an additional 30,079 shares during the period. Institutional investors own 80.38% of the company's stock.

Analysts Set New Price Targets

UNP has been the topic of a number of research analyst reports. Barclays restated an "overweight" rating and issued a $350.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Weiss Ratings raised shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. Evercore reiterated an "outperform" rating and issued a $294.00 price objective on shares of Union Pacific in a report on Thursday, June 25th. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research report on Monday, July 13th. Finally, Citizens Jmp started coverage on shares of Union Pacific in a research note on Wednesday, July 15th. They set an "outperform" rating and a $350.00 target price for the company. 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $320.89.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the firm'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 owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is owned by corporate insiders.

Union Pacific Stock Performance

NYSE UNP opened at $311.21 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $184.88 billion, a P/E ratio of 25.20, a P/E/G ratio of 3.16 and a beta of 0.96. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The firm has a 50-day moving average price of $289.07 and a two-hundred day moving average price of $269.15.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results 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. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the prior year, the business posted $3.03 EPS. The business's revenue was up 11.5% compared to the same quarter last year. Analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently declared 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. 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%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific's dividend payout ratio (DPR) is currently 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.

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