Westpac Banking Corp grew its stake in Union Pacific Co. (NYSE:UNP) by 5.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,030 shares of the railroad operator’s stock after buying an additional 5,268 shares during the period. Westpac Banking Corp’s holdings in Union Pacific were worth $18,269,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Scott & Selber Inc. lifted its position in shares of Union Pacific by 2.4% in the second quarter. Scott & Selber Inc. now owns 14,390 shares of the railroad operator’s stock worth $2,433,000 after buying an additional 344 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Union Pacific by 11.9% during the second quarter. CIBC Private Wealth Group LLC now owns 1,567,528 shares of the railroad operator’s stock valued at $265,084,000 after purchasing an additional 166,730 shares during the period. Sheaff Brock Investment Advisors LLC raised its holdings in shares of Union Pacific by 91.5% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 9,213 shares of the railroad operator’s stock valued at $1,558,000 after purchasing an additional 4,402 shares during the period. Cibc Bank USA raised its holdings in shares of Union Pacific by 19.9% during the second quarter. Cibc Bank USA now owns 5,153 shares of the railroad operator’s stock valued at $872,000 after purchasing an additional 857 shares during the period. Finally, CWM LLC raised its holdings in shares of Union Pacific by 54.1% during the second quarter. CWM LLC now owns 92,183 shares of the railroad operator’s stock valued at $15,589,000 after purchasing an additional 32,379 shares during the period. 79.02% of the stock is owned by institutional investors.

In related news, Director William J. Delaney III bought 5,000 shares of Union Pacific stock in a transaction dated Monday, May 20th. The stock was purchased at an average cost of $174.06 per share, with a total value of $870,300.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $870,300. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the transaction, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at $17,093,537.72. The disclosure for this sale can be found here. Corporate insiders own 9.96% of the company’s stock.

Several equities analysts have recently weighed in on the stock. UBS Group set a $201.00 price objective on shares of Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. Sanford C. Bernstein set a $177.00 target price on shares of Union Pacific and gave the stock a “hold” rating in a research report on Friday, July 19th. Stifel Nicolaus set a $170.00 target price on shares of Union Pacific and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Loop Capital boosted their target price on shares of Union Pacific to $191.00 in a research report on Friday, July 19th. Finally, Goldman Sachs Group began coverage on shares of Union Pacific in a research report on Wednesday, July 10th. They set a “buy” rating and a $198.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $182.62.

UNP stock traded up $2.97 during trading on Tuesday, reaching $168.64. The stock had a trading volume of 1,806,152 shares, compared to its average volume of 3,571,146. Union Pacific Co. has a one year low of $128.08 and a one year high of $180.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.72 and a quick ratio of 0.58. The stock has a 50 day moving average price of $171.53. The stock has a market cap of $118.37 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.88 and a beta of 1.04.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the prior year, the firm posted $1.98 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that Union Pacific Co. will post 8.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 2.30%. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, August 29th. Union Pacific’s dividend payout ratio is presently 44.50%.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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