Clare Market Investments LLC Acquires Shares of 8,232 Union Pacific Corporation $UNP

Key Points

• Clare Market Investments LLC opened a new position in Union Pacific, buying 8,232 shares worth about $2.0 million in the first quarter.
• Union Pacific reported strong quarterly results, with earnings of $2.93 per share and revenue of $6.22 billion, both topping analyst expectations and showing 3.2% year-over-year revenue growth.
• The company also paid a quarterly dividend of $1.38 per share and continues to see generally positive analyst sentiment, with a Moderate Buy consensus price target of $286.89.

Clare Market Investments LLC purchased a new position in Union Pacific Corporation (NYSE:UNP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,232 shares of the railroad operator's stock, valued at approximately $1,997,000.

Other large investors also recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in shares of Union Pacific by 40.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator's stock worth $546,000 after purchasing an additional 665 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Union Pacific by 0.5% during the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator's stock valued at $4,741,000 after purchasing an additional 102 shares in the last quarter. Main Street Financial Solutions LLC boosted its position in Union Pacific by 1.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator's stock worth $859,000 after buying an additional 58 shares during the period. HUB Investment Partners LLC grew its holdings in Union Pacific by 10.0% during the 2nd quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator's stock worth $1,401,000 after acquiring an additional 554 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Union Pacific by 7.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator's stock valued at $351,660,000 after acquiring an additional 105,664 shares during the period. Institutional investors own 80.38% of the company's stock.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of the company's stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president directly owned 61,102 shares in the company, valued at $16,605,079.52. This represents a 30.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the 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 sale, the executive vice president directly owned 43,012 shares of the company's stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,378 shares of company stock valued at $8,781,595 over the last ninety days. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UNP shares. Barclays reaffirmed an "overweight" rating and set a $315.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Citigroup reaffirmed a "buy" rating and issued a $307.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. BMO Capital Markets reissued a "market perform" rating and set a $285.00 price target (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their price target on Union Pacific from $267.00 to $275.00 and gave the company a "neutral" rating in a report on Friday, April 24th. Finally, Weiss Ratings cut shares of Union Pacific from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $286.89.

Union Pacific Stock Up 0.6%

UNP opened at $284.30 on Tuesday. The firm's 50-day simple moving average is $267.68 and its 200-day simple moving average is $252.36. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $283.99. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The firm has a market cap of $168.79 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.97 and a beta of 0.96.

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. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The firm's revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $2.70 EPS. Equities research analysts anticipate that Union Pacific Corporation will post 12.55 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were given a dividend of $1.38 per share. The ex-dividend date was Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Union Pacific's dividend payout ratio is 45.47%.

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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