Dearborn Partners LLC Purchases Shares of 37,096 Union Pacific Corporation $UNP

Dearborn Partners LLC purchased a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 37,096 shares of the railroad operator's stock, valued at approximately $9,000,000.

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

Analyst Ratings Changes

UNP has been the topic of a number of research analyst reports. Barclays reaffirmed an "overweight" rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Robert W. Baird lifted their price target on Union Pacific from $311.00 to $344.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Bank of America boosted their price target on Union Pacific from $301.00 to $334.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Finally, Citizens Jmp began coverage on Union Pacific in a research report on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 price objective for the company. Two investment 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's stock. According to MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and an average target price of $320.89.

Union Pacific Stock Performance

NYSE:UNP opened at $309.83 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $315.99. The company has a market cap of $184.06 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 3.14 and a beta of 0.96. The stock has a fifty day moving average price of $287.14 and a 200-day moving average price of $268.31.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating analysts' consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the previous year, the firm earned $3.03 earnings per share. Union Pacific's revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. This is a boost from Union Pacific's previous quarterly dividend of $1.38. Union Pacific's dividend payout ratio is presently 45.99%.

Insider Buying and Selling at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 43,012 shares of the company's stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.22% of the company's stock.

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.

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source