Cumberland Partners Ltd Has $35.10 Million Holdings in Union Pacific Corporation $UNP

Key Points

• Cumberland Partners increased its Union Pacific stake by 75% in the second quarter, ending with 129,041 shares valued at approximately $35.1 million. Union Pacific represents about 2.3% of the firm’s portfolio.
• Union Pacific reported quarterly EPS of $3.41 and revenue of $6.86 billion, beating analysts’ estimates; revenue rose 11.5% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $320.89.
• The company raised its quarterly dividend from $1.38 to $1.42 per share, equating to an annualized dividend of $5.68 and a yield of roughly 1.9%.

Cumberland Partners Ltd lifted its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 75.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,041 shares of the railroad operator's stock after purchasing an additional 55,288 shares during the quarter. Union Pacific makes up about 2.3% of Cumberland Partners Ltd's investment portfolio, making the stock its 13th largest position. Cumberland Partners Ltd's holdings in Union Pacific were worth $35,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cambient Family Office LLC acquired a new position in shares of Union Pacific in the 4th quarter worth approximately $1,319,000. First National Bank of Omaha boosted its stake in Union Pacific by 35.8% in the 4th 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 in the last quarter. North Dakota State Investment Board bought a new stake in Union Pacific in the fourth quarter valued at $4,746,000. Sage Investment Advisers LLC bought a new stake in Union Pacific in the fourth quarter valued at $997,000. Finally, Truist Financial Corp grew its position in Union Pacific by 3.1% in the fourth quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator's stock valued at $235,038,000 after acquiring an additional 30,079 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Insider Transactions at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the company's stock in a transaction dated Wednesday, June 3rd. The shares were 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 represents a 6.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UNP shares. Robert W. Baird lifted their price objective on Union Pacific from $311.00 to $344.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Citizens Jmp began coverage on shares of Union Pacific in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 target price on the stock. Evercore reaffirmed an "outperform" rating and issued a $294.00 target price on shares of Union Pacific in a report on Thursday, June 25th. Bank of America increased their target price on shares of Union Pacific from $301.00 to $334.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Finally, Benchmark lifted their price target on shares of Union Pacific from $325.00 to $335.00 and gave the company a "buy" rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $320.89.

Union Pacific Stock Up 2.2%

NYSE UNP opened at $300.06 on Tuesday. The stock's 50 day simple moving average is $283.63 and its 200 day simple moving average is $265.84. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99. The firm has a market cap of $178.26 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 3.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82.

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 (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.03 EPS. As a group, sell-side analysts forecast that Union Pacific Corporation will post 12.93 earnings per share 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. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.9%. Union Pacific's dividend payout ratio is currently 44.70%.

Union Pacific 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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