EFG International AG Acquires New Stake in Union Pacific Corporation $UNP

EFG International AG bought a new position in Union Pacific Corporation (NYSE:UNP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 184,407 shares of the railroad operator's stock, valued at approximately $50,172,000. Union Pacific accounts for 0.9% of EFG International AG's investment portfolio, making the stock its 25th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific in the fourth quarter valued at about $25,000. Tucker Asset Management LLC bought a new position in shares of Union Pacific during the fourth quarter worth about $25,000. SWAN Capital LLC grew its holdings in shares of Union Pacific by 2,575.0% during the fourth 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. Cornerstone Financial Management LLC acquired a new stake in Union Pacific in the 4th quarter valued at approximately $27,000. Finally, Scarborough Advisors LLC acquired a new stake in Union Pacific in the 1st quarter valued at approximately $27,000. Institutional investors own 80.38% of the company's stock.

Insider Buying and Selling at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were 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 $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UNP shares. Benchmark upped their price target on Union Pacific from $325.00 to $335.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Wells Fargo & Company reiterated an "overweight" rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Citigroup lifted their price objective on shares of Union Pacific from $326.00 to $349.00 and gave the company a "buy" rating in a report on Friday, July 24th. The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a report on Monday, July 13th. 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 stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and a consensus price target of $320.89.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $310.11 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99. The stock has a 50 day moving average of $287.99 and a 200-day moving average of $268.73. The company has a market capitalization of $184.23 billion, a P/E ratio of 25.11, a P/E/G ratio of 3.16 and a beta of 0.96.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share 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 for the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter in the prior year, the business earned $3.03 EPS. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. As a group, equities research analysts predict that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

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

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