Patron Partners LLC Invests $944,000 in Union Pacific Corporation $UNP

Key Points

• Patron Partners LLC acquired 3,471 Union Pacific shares worth approximately $944,000 in the second quarter. Institutional investors collectively own 80.38% of the railroad operator.
• Union Pacific beat quarterly expectations, reporting $3.41 in EPS and $6.86 billion in revenue, with revenue up 11.5% year over year. Analysts have a consensus “Moderate Buy” rating and an average price target of $320.89.
• The company raised its quarterly dividend from $1.38 to $1.42 per share, equivalent to an annualized $5.68 payout and a 1.8% yield. An executive vice president separately sold 2,991 shares for about $789,500.

Patron Partners LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,471 shares of the railroad operator's stock, valued at approximately $944,000.

A number of other institutional investors have also recently bought and sold shares of the company. Tiemann Investment Advisors LLC increased its position in Union Pacific by 1.7% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator's stock worth $576,000 after purchasing an additional 35 shares during the last quarter. TFR Capital LLC. grew its stake in shares of Union Pacific by 3.8% in the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator's stock valued at $266,000 after buying an additional 36 shares in the last quarter. Key Financial Inc grew its stake in shares of Union Pacific by 2.1% in the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator's stock valued at $442,000 after buying an additional 38 shares in the last quarter. Members Trust Co increased its holdings in Union Pacific by 2.5% in the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator's stock worth $382,000 after buying an additional 38 shares during the last quarter. Finally, EJMK Ventures LLC increased its holdings in Union Pacific by 4.0% in the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator's stock worth $247,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Insider Activity at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the business's stock in a transaction dated Wednesday, June 3rd. The stock was 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 owned 43,012 shares of the company's stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on UNP shares. Citigroup raised their price objective on shares of Union Pacific from $326.00 to $349.00 and gave the company a "buy" rating in a research report on Friday, July 24th. UBS Group restated a "neutral" rating and set a $310.00 price target (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Wells Fargo & Company restated an "overweight" rating and set a $335.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Barclays reaffirmed an "overweight" rating and issued a $350.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 24th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $320.89.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $307.97 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The firm has a fifty day simple moving average of $286.30 and a 200-day simple moving average of $267.60. The stock has a market capitalization of $182.96 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 3.10 and a beta of 0.96. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. Union Pacific's revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $3.03 EPS. 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date is Monday, August 31st. This is a boost from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.8%. 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.

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