Union Pacific Corporation $UNP Shares Sold by Anchor Capital Advisors LLC

Key Points

• Anchor Capital Advisors reduced its Union Pacific stake by 5.6% in the second quarter, selling 3,508 shares and retaining 59,443 shares valued at approximately $16.2 million. Institutional investors collectively own 80.38% of the company.
• Union Pacific reported strong quarterly results, with EPS of $3.41 and revenue of $6.86 billion, exceeding estimates and representing 11.5% year-over-year revenue growth.
• The company raised its quarterly dividend from $1.38 to $1.42 per share, while analysts maintained a broadly positive outlook with a consensus “Moderate Buy” rating and a $320.89 price target.

Anchor Capital Advisors LLC decreased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,443 shares of the railroad operator's stock after selling 3,508 shares during the quarter. Anchor Capital Advisors LLC's holdings in Union Pacific were worth $16,168,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UNP. Rachor Investment Advisory Services LLC acquired a new stake in Union Pacific during the 4th quarter worth approximately $25,000. Tucker Asset Management LLC purchased a new stake in shares of Union Pacific during the fourth quarter worth $25,000. SWAN Capital LLC raised its stake in shares of Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. High Point Wealth Management LLC purchased a new position in Union Pacific in the fourth quarter valued at $26,000. Finally, Cornerstone Financial Management LLC acquired a new position in Union Pacific during the 4th quarter worth $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $293.57 on Monday. The firm has a market capitalization of $174.40 billion, a P/E ratio of 23.77, a P/E/G ratio of 3.00 and a beta of 0.96. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm's 50 day moving average is $283.00 and its two-hundred day moving average is $265.37.

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

Union Pacific Increases Dividend

The business 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 dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.9%. This is an increase from Union Pacific's previous quarterly dividend of $1.38. Union Pacific's dividend payout ratio (DPR) is 44.70%.

Insiders Place Their Bets

In related news, EVP Eric J. Gehringer sold 2,991 shares of the business's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares of the company's stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UNP. Barclays reaffirmed an "overweight" rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Evercore reissued an "outperform" rating and issued a $294.00 price objective on shares of Union Pacific in a research report on Thursday, June 25th. Stephens upgraded shares of Union Pacific to a "strong-buy" rating in a report on Wednesday, July 8th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Benchmark boosted their target price on shares of Union Pacific from $325.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $320.89.

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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