Union Pacific Corporation $UNP Shares Purchased by K.J. Harrison & Partners Inc

Key Points

• K.J. Harrison & Partners increased its Union Pacific stake by 851.1% in the second quarter, purchasing 20,000 additional shares and bringing its holdings to 22,350 shares valued at approximately $6.1 million.
• Union Pacific reported quarterly EPS of $3.41 and revenue of $6.86 billion, beating analyst estimates, while revenue grew 11.5% year over year. The company also raised its quarterly dividend to $1.42 per share, implying a 1.9% yield.
• Shares recently traded at $301.69, and analysts maintained a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $320.89. Institutional investors own 80.38% of the company.

K.J. Harrison & Partners Inc increased its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 851.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,350 shares of the railroad operator's stock after buying an additional 20,000 shares during the quarter. Union Pacific comprises 0.9% of K.J. Harrison & Partners Inc's holdings, making the stock its 29th largest position. K.J. Harrison & Partners Inc's holdings in Union Pacific were worth $6,079,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cambient Family Office LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at about $1,319,000. First National Bank of Omaha raised its stake in Union Pacific by 35.8% during the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator's stock worth $12,665,000 after purchasing an additional 14,399 shares during the period. North Dakota State Investment Board acquired a new position in Union Pacific in the 4th quarter valued at about $4,746,000. Sage Investment Advisers LLC acquired a new position in Union Pacific in the 4th quarter valued at about $997,000. Finally, Truist Financial Corp grew its stake in shares of Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator's stock valued at $235,038,000 after buying an additional 30,079 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Trading Up 1.0%

NYSE UNP opened at $301.69 on Thursday. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99. The firm has a 50 day simple moving average of $284.87 and a 200-day simple moving average of $266.83. The firm has a market cap of $179.23 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 3.05 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.03 EPS. Equities research analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. Union Pacific's payout ratio is presently 44.70%.

Insiders Place Their Bets

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president owned 43,012 shares of the company's stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UNP. Citigroup raised their price target on shares of Union Pacific from $326.00 to $349.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Weiss Ratings upgraded Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 24th. Benchmark increased their price objective on Union Pacific from $325.00 to $335.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research report on Monday, July 13th. Finally, Citizens Jmp initiated coverage on Union Pacific in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $320.89.

Union Pacific Company 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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