Vision Capital Management Inc. Acquires Shares of 1,143 Union Pacific Corporation $UNP

Vision Capital Management Inc. bought a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,143 shares of the railroad operator's stock, valued at approximately $263,000.

Other hedge funds have also modified their holdings of the company. LGT Group Foundation boosted its holdings in shares of Union Pacific by 9.7% during the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator's stock worth $1,275,000 after purchasing an additional 477 shares during the last quarter. Nuveen LLC purchased a new position in Union Pacific during the first quarter worth approximately $988,822,000. SlateStone Wealth LLC lifted its position in Union Pacific by 6.2% during the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator's stock worth $3,133,000 after buying an additional 772 shares in the last quarter. Meadow Creek Wealth Advisors LLC boosted its stake in Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock worth $866,000 after buying an additional 359 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Union Pacific by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock valued at $2,491,000 after buying an additional 1,520 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Up 0.7%

Shares of NYSE UNP opened at $232.01 on Friday. 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 is $222.52 and its two-hundred day moving average is $224.65. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The firm has a market cap of $137.59 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.40 and a beta of 1.03.

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

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific's payout ratio is currently 47.96%.

Analyst Ratings Changes

Several research analysts have recently weighed in on UNP shares. Baird R W raised shares of Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. Sanford C. Bernstein boosted their target price on shares of Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Morgan Stanley cut their price target 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. Jefferies Financial Group upgraded Union Pacific from a "hold" rating to a "buy" rating and upped their price objective for the company from $250.00 to $285.00 in a report on Friday, July 25th. Finally, Barclays lowered Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and an average target price of $260.00.

Union Pacific Profile

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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