Sather Financial Group Inc Increases Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Sather Financial Group Inc increased its holdings in Union Pacific Corporation by 5.5% during the second quarter, bringing their total to 99,615 shares, valued at approximately $22.9 million.
• Union Pacific's quarterly earnings surpassed expectations with an earnings per share (EPS) of $3.03, exceeding the consensus estimate of $2.84, and reporting a revenue of $6.15 billion.
• The company recently announced a quarterly dividend of $1.38 per share, marking an increase from the previous dividend and resulting in an annualized yield of 2.4%.

Sather Financial Group Inc increased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,615 shares of the railroad operator's stock after buying an additional 5,167 shares during the period. Union Pacific comprises approximately 1.3% of Sather Financial Group Inc's investment portfolio, making the stock its 25th largest holding. Sather Financial Group Inc's holdings in Union Pacific were worth $22,919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in Union Pacific during the 1st quarter worth $988,822,000. Goldman Sachs Group Inc. boosted its stake in Union Pacific by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator's stock worth $873,878,000 after purchasing an additional 850,025 shares during the last quarter. Auto Owners Insurance Co boosted its stake in Union Pacific by 61,054.6% during the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator's stock worth $147,650,000 after purchasing an additional 623,978 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in Union Pacific during the 1st quarter worth $115,096,000. Finally, Canada Pension Plan Investment Board boosted its stake in Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Down 2.6%

NYSE UNP opened at $225.54 on Friday. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. 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 business's fifty day simple moving average is $224.45 and its 200-day simple moving average is $224.38. The firm has a market cap of $133.77 billion, a PE ratio of 19.60, a P/E/G ratio of 2.34 and a beta of 1.07.

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

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is 47.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UNP shares. Sanford C. Bernstein lifted their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. UBS Group set a $253.00 target price on shares of Union Pacific and gave the stock a "neutral" rating in a research note on Friday, October 3rd. Susquehanna reaffirmed a "positive" rating and set a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. BMO Capital Markets lifted their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company lifted their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Union Pacific has an average rating of "Moderate Buy" and an average price target of $261.08.

About Union Pacific

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.

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