Union Pacific Corporation (NYSE:UNP) Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel raised its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,428 shares of the railroad operator's stock after purchasing an additional 8,216 shares during the quarter. Carnegie Investment Counsel's holdings in Union Pacific were worth $27,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of UNP. Highline Wealth Partners LLC lifted its holdings in shares of Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after acquiring an additional 59 shares during the last quarter. EnRich Financial Partners LLC bought a new stake in shares of Union Pacific in the 4th quarter worth about $31,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Union Pacific in the 1st quarter worth about $32,000. Cornerstone Planning Group LLC lifted its holdings in shares of Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its holdings in shares of Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

NYSE UNP traded up $4.19 on Friday, hitting $224.71. The company had a trading volume of 8,254,381 shares, compared to its average volume of 3,405,370. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. The company has a market capitalization of $134.26 billion, a PE ratio of 19.52, a PEG ratio of 2.25 and a beta of 1.05. The company's fifty day moving average price is $227.17 and its 200-day moving average price is $231.03. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.61.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (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 business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the prior year, the firm earned $2.74 earnings per share. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.46%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is currently 47.96%.

Wall Street Analyst Weigh In

UNP has been the subject of several analyst reports. Evercore ISI lowered 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 report on Friday. Baird R W upgraded shares of Union Pacific to a "hold" rating in a report on Tuesday, July 1st. UBS Group lifted their price objective on shares of Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a report on Friday. BMO Capital Markets lifted their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a report on Friday. Finally, Morgan Stanley decreased their price objective on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and an average price target of $259.46.

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.