Canal Capital Management LLC Acquires New Shares in Union Pacific Corporation $UNP

Key Points

• Canal Capital Management LLC opened a new position in Union Pacific, buying 28,304 shares valued at about $6.9 million in the first quarter.
• Union Pacific’s latest quarterly results beat expectations, with EPS of $2.93 versus the $2.86 estimate and revenue of $6.22 billion, up 3.2% year over year.
• The company also paid a $1.38 quarterly dividend, equal to an annualized yield of about 2.0%, while analysts currently rate the stock Moderate Buy on average.

Canal Capital Management LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,304 shares of the railroad operator's stock, valued at approximately $6,867,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rachor Investment Advisory Services LLC purchased a new position in shares of Union Pacific during the fourth quarter worth about $25,000. Tucker Asset Management LLC bought a new stake in Union Pacific during the fourth quarter valued at approximately $25,000. SWAN Capital LLC grew its stake in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock worth $25,000 after buying an additional 103 shares in the last quarter. High Point Wealth Management LLC purchased a new position in Union Pacific in the 4th quarter worth approximately $26,000. Finally, Saranac Partners Ltd bought a new position in shares of Union Pacific in the 3rd quarter worth $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value 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 trade 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. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the transaction, the executive vice president owned 61,102 shares in the company, valued at $16,605,079.52. This trade represents a 30.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,378 shares of company stock valued at $8,781,595 over the last ninety days. Insiders own 0.22% of the company's stock.

Union Pacific Stock Up 0.1%

UNP stock opened at $282.50 on Friday. The business has a 50 day moving average of $267.68 and a 200 day moving average of $252.28. The firm has a market cap of $167.73 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.97 and a beta of 0.96. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $282.80. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the firm earned $2.70 EPS. Union Pacific's quarterly revenue was up 3.2% compared to the same quarter last year. On average, research analysts forecast that Union Pacific Corporation will post 12.55 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, May 29th. Union Pacific's dividend payout ratio is presently 45.47%.

Analyst Ratings Changes

Several brokerages have issued reports on UNP. Susquehanna reaffirmed a "positive" rating and set a $305.00 price target on shares of Union Pacific in a research note on Friday, June 5th. UBS Group reiterated a "neutral" rating and set a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. Raymond James Financial set a $310.00 price objective on Union Pacific in a report on Friday, April 24th. Evercore restated an "outperform" rating and issued a $294.00 target price on shares of Union Pacific in a research report on Thursday, June 25th. Finally, Barclays reaffirmed an "overweight" rating and issued a $315.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $283.11.

Key Union Pacific News

Here are the key news stories impacting Union Pacific this week:

• Positive Sentiment: Union Pacific is drawing attention after a stake change, which can signal renewed investor interest and sometimes sparks buying. Union Pacific NYSE: UNP Draws Attention After Stake Change
• Positive Sentiment: Shares are being helped by commentary that rail momentum is building and UNP is hitting fresh highs, reinforcing a bullish technical and industry backdrop. Union Pacific NYSE: UNP Hits Fresh High As Rail Momentum Builds
• Positive Sentiment: Analyst and preview pieces suggest Union Pacific could post another earnings beat, with expectations for single-digit bottom-line growth and favorable freight trends. Union Pacific's Quarterly Earnings Preview: What You Need to Know
• Positive Sentiment: Brokerage coverage remains constructive, with Union Pacific still carrying a consensus “Moderate Buy” rating. Union Pacific Corporation NYSE: UNP Given Consensus Rating of "Moderate Buy" by Brokerages
• Neutral Sentiment: Some coverage notes that rising intermodal volumes are affecting major railroads, but the article frames the trend as an industry-wide dynamic rather than a company-specific catalyst. Rising intermodal volume slows big four U.S. rail systems
• Negative Sentiment: A class action was certified against Union Pacific over alleged dumping of carcinogenic chemicals in Wichita neighborhoods, adding legal and reputational risk that could weigh on the stock. Lanier Law Firm: Class Action Certified Against Union Pacific for Dumping Carcinogenic Chemicals in Historically Black Wichita Neighborhoods

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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