Running Oak Capital LLC Has $8.27 Million Stake in Union Pacific Corporation $UNP

Key Points

• Running Oak Capital LLC increased its stake in Union Pacific Corporation by 7.2%, totaling $8.27 million and owning 35,955 shares as of the last quarter.
• Union Pacific recently reported a quarterly earnings of $3.03 per share, exceeding analysts' expectations and reflecting a 2.4% increase in revenue year-over-year.
• The company has announced a dividend increase to $1.38, raising the annualized dividend yield to 2.3% and maintaining a dividend payout ratio of 47.96%.

Running Oak Capital LLC raised its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,955 shares of the railroad operator's stock after buying an additional 2,419 shares during the period. Running Oak Capital LLC's holdings in Union Pacific were worth $8,273,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Grimes & Company Inc. grew its holdings in shares of Union Pacific by 12.8% in the 2nd quarter. Grimes & Company Inc. now owns 7,882 shares of the railroad operator's stock valued at $1,813,000 after acquiring an additional 895 shares in the last quarter. Merit Financial Group LLC grew its stake in Union Pacific by 48.8% in the second quarter. Merit Financial Group LLC now owns 37,512 shares of the railroad operator's stock valued at $8,631,000 after purchasing an additional 12,305 shares in the last quarter. Keudell Morrison Wealth Management increased its position in shares of Union Pacific by 30.3% during the 2nd quarter. Keudell Morrison Wealth Management now owns 2,680 shares of the railroad operator's stock worth $617,000 after purchasing an additional 623 shares during the last quarter. Beacon Financial Advisory LLC bought a new stake in shares of Union Pacific during the 2nd quarter worth approximately $216,000. Finally, Simplicity Wealth LLC boosted its holdings in shares of Union Pacific by 101.8% in the 2nd quarter. Simplicity Wealth LLC now owns 15,946 shares of the railroad operator's stock valued at $3,669,000 after buying an additional 8,046 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Up 0.9%

Union Pacific stock opened at $236.60 on Monday. The company's 50-day moving average price is $223.67 and its two-hundred day moving average price is $224.44. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The stock has a market cap of $140.33 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.47 and a beta of 1.07. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $2.74 EPS. As a group, analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a $1.38 dividend. The ex-dividend date was Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific's dividend payout ratio is 47.96%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UNP shares. Jefferies Financial Group upgraded shares of Union Pacific from a "hold" rating to a "buy" rating and boosted their target price for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Union Pacific in a report on Saturday, September 27th. Evercore ISI cut their target price on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a research note on Friday, July 25th. BMO Capital Markets boosted their price target on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Baird R W raised Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $260.54.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.