Osterweis Capital Management Inc. Invests $1.09 Million in Union Pacific Corporation $UNP

Key Points

• Osterweis Capital Management acquired 4,003 Union Pacific shares worth approximately $1.09 million in the second quarter. Institutional investors collectively own 80.38% of the railroad operator.
• Analysts remain generally bullish, with Union Pacific holding a consensus “Moderate Buy” rating and an average price target of $320.89. Recent target increases include $339 from RBC, $334 from Bank of America, and $344 from Robert W. Baird.
• Union Pacific exceeded quarterly expectations, reporting $3.41 in EPS and $6.86 billion in revenue, with revenue up 11.5% year over year. The company also raised its quarterly dividend to $1.42 per share, implying a 1.8% yield.

Osterweis Capital Management Inc. acquired a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,003 shares of the railroad operator's stock, valued at approximately $1,089,000.

Other institutional investors have also recently made changes to their positions in the company. Rachor Investment Advisory Services LLC acquired a new stake in Union Pacific in the fourth quarter worth about $25,000. Tucker Asset Management LLC acquired a new position in shares of Union Pacific during the fourth quarter valued at about $25,000. SWAN Capital LLC increased 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 valued at $25,000 after acquiring an additional 103 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in shares of Union Pacific in the 4th quarter valued at approximately $27,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Union Pacific in the 1st quarter valued at approximately $27,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

UNP has been the topic of several research analyst reports. Royal Bank Of Canada reissued an "outperform" rating and set a $339.00 target price (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. Weiss Ratings raised shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 24th. Evercore reiterated an "outperform" rating and set a $294.00 price objective on shares of Union Pacific in a research note on Thursday, June 25th. Bank of America boosted their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Finally, Robert W. Baird upped their target price on Union Pacific from $311.00 to $344.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific currently has a consensus rating of "Moderate Buy" and a consensus price target of $320.89.

Union Pacific Price Performance

Shares of NYSE UNP opened at $310.11 on Wednesday. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The business's 50 day moving average price is $287.99 and its 200 day moving average price is $268.73. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a market cap 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 (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same period last year, the firm posted $3.03 EPS. Union Pacific's revenue for the quarter was up 11.5% compared to the same quarter last year. On average, sell-side analysts expect that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.8%. This is a boost from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific's dividend payout ratio is 44.70%.

Insider Activity

In related news, EVP Eric J. Gehringer sold 2,991 shares of the business's 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 completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.

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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