Union Pacific Corporation $UNP Shares Acquired by First National Bank of Omaha

Key Points

• First National Bank of Omaha increased its Union Pacific stake by 17.5% in the second quarter, bringing its holdings to 63,263 shares valued at approximately $17.2 million. Institutional investors collectively own 80.38% of UNP.
• Analysts maintain a generally positive outlook, with Union Pacific receiving a “Moderate Buy” consensus rating and an average price target of $320.89. Recent targets range from $310 to $350.
• Union Pacific exceeded quarterly expectations with adjusted EPS of $3.41 and revenue of $6.86 billion, while revenue rose 11.5% year over year. The company also raised its quarterly dividend to $1.42 per share, representing a 1.9% yield.

First National Bank of Omaha boosted its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 17.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,263 shares of the railroad operator's stock after acquiring an additional 9,401 shares during the period. First National Bank of Omaha's holdings in Union Pacific were worth $17,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors raised its holdings in Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator's stock valued at $4,658,142,000 after buying an additional 9,655,306 shares during the period. Norges Bank acquired a new position in Union Pacific in the 4th quarter valued at about $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator's stock worth $2,169,168,000 after purchasing an additional 3,861,636 shares during the period. Capital Research Global Investors increased its stake in Union Pacific by 26.0% during the fourth quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator's stock worth $2,540,105,000 after purchasing an additional 2,267,708 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Union Pacific by 16.8% during the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator's stock worth $3,509,030,000 after purchasing an additional 2,084,808 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UNP. Stephens upgraded shares of Union Pacific to a "strong-buy" rating in a report on Wednesday, July 8th. Citizens Jmp assumed coverage on shares of Union Pacific in a report on Wednesday, July 15th. They set an "outperform" rating and a $350.00 target price on the stock. UBS Group reissued a "neutral" rating and issued a $310.00 price target (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. TD Cowen restated a "buy" rating and issued a $325.00 price target (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Robert W. Baird upped their price objective on Union Pacific from $311.00 to $344.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and an average target price of $320.89.

Insider Buying and Selling

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 in the company, valued at $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.22% of the stock is owned by company insiders.

Union Pacific Price Performance

UNP stock opened at $301.69 on Thursday. The business's 50-day moving average is $284.87 and its two-hundred day moving average is $266.83. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The firm has a market capitalization of $179.23 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.05 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 announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the previous year, the company posted $3.03 earnings per share. The business's revenue for the quarter was up 11.5% on a year-over-year basis. Analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a $1.42 dividend. This is an increase from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, August 31st. Union Pacific's 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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