Advisors Capital Management LLC Acquires Shares of 7,247 Union Pacific Corporation $UNP

Advisors Capital Management LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,247 shares of the railroad operator's stock, valued at approximately $1,971,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tiemann Investment Advisors LLC raised its stake in Union Pacific by 1.7% during the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator's stock valued at $576,000 after acquiring an additional 35 shares during the last quarter. TFR Capital LLC. increased its holdings in shares of Union Pacific by 3.8% in the second quarter. TFR Capital LLC. now owns 979 shares of the railroad operator's stock valued at $266,000 after purchasing an additional 36 shares during the period. Key Financial Inc raised its stake in shares of Union Pacific by 2.1% during the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator's stock worth $442,000 after purchasing an additional 38 shares during the last quarter. Members Trust Co raised its stake in shares of Union Pacific by 2.5% during the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator's stock worth $382,000 after purchasing an additional 38 shares during the last quarter. Finally, EJMK Ventures LLC lifted its holdings in shares of Union Pacific by 4.0% during the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator's stock worth $247,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Insider Activity

In related news, EVP Eric J. Gehringer sold 2,991 shares of the 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 sale, the executive vice president owned 43,012 shares of the company's stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. 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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reiterated a "market perform" rating and issued a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Citigroup upped their price objective on shares of Union Pacific from $326.00 to $349.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Robert W. Baird lifted their target price on shares of Union Pacific from $311.00 to $344.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Evercore reissued an "outperform" rating and set a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. Finally, TD Cowen restated a "buy" rating and issued a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Two investment 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, Union Pacific presently has a consensus rating of "Moderate Buy" and a consensus target price of $320.89.

Union Pacific Stock Performance

Shares of UNP opened at $307.97 on Friday. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The stock has a market cap of $182.96 billion, a P/E ratio of 24.94, a PEG ratio of 3.10 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 company has a 50-day moving average of $286.30 and a two-hundred day moving average of $267.60.

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 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 business had revenue of $6.86 billion during the quarter, compared to analysts' expectations of $6.72 billion. During the same period last year, the company posted $3.03 EPS. The company's revenue was up 11.5% on a year-over-year basis. As a group, research analysts predict that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific's payout ratio is presently 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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