Seamount Financial Group Inc. Acquires 2,183 Shares of Union Pacific Corporation $UNP

Key Points

• Seamount Financial Group Inc. increased its stake in Union Pacific Corporation by 120.7% in the second quarter, acquiring an additional 2,183 shares to total 3,991 shares valued at approximately $918,000.
• Union Pacific's stock recently opened at $237.33 and has seen a 12-month high of $256.84, with a consistent P/E ratio around 20.62 and a recent quarterly earnings per share of $3.03, surpassing analyst estimates.
• The company has announced a dividend increase, with its quarterly dividend rising from $1.34 to $1.38, resulting in an annualized yield of 2.3%.

Seamount Financial Group Inc. lifted its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 120.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,991 shares of the railroad operator's stock after acquiring an additional 2,183 shares during the period. Seamount Financial Group Inc.'s holdings in Union Pacific were worth $918,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of UNP. SteelPeak Wealth LLC grew its position in shares of Union Pacific by 5.8% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,287 shares of the railroad operator's stock worth $526,000 after purchasing an additional 125 shares in the last quarter. Drake & Associates LLC increased its holdings in shares of Union Pacific by 9.9% during the second quarter. Drake & Associates LLC now owns 1,046 shares of the railroad operator's stock worth $241,000 after purchasing an additional 94 shares during the period. Heck Capital Advisors LLC raised its position in shares of Union Pacific by 7.8% in the second quarter. Heck Capital Advisors LLC now owns 2,245 shares of the railroad operator's stock valued at $517,000 after buying an additional 163 shares in the last quarter. Motiv8 Investments LLC boosted its stake in shares of Union Pacific by 10.6% in the second quarter. Motiv8 Investments LLC now owns 5,291 shares of the railroad operator's stock valued at $1,217,000 after buying an additional 507 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. grew its position in Union Pacific by 4.2% during the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 18,105 shares of the railroad operator's stock worth $4,166,000 after buying an additional 727 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on UNP. Barclays lowered Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and boosted their price target for the company from $250.00 to $285.00 in a research note on Friday, July 25th. Sanford C. Bernstein upped their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Royal Bank Of Canada boosted their target price on shares of Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Baird R W raised shares of Union Pacific to a "hold" rating in a report on Tuesday, July 1st. One equities research 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $260.54.

Union Pacific Stock Performance

Union Pacific stock opened at $237.33 on Tuesday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month 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 50-day moving average price is $223.83 and its two-hundred day moving average price is $224.46. The stock has a market cap of $140.77 billion, a PE ratio of 20.62, a P/E/G ratio of 2.47 and a beta of 1.07.

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

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.3%. 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 payout ratio is currently 47.96%.

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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