Mattern Capital Management LLC Acquires 968 Shares of Union Pacific Corporation $UNP

Mattern Capital Management LLC increased its position in shares of Union Pacific Corporation (NYSE:UNP) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,549 shares of the railroad operator’s stock after acquiring an additional 968 shares during the quarter. Mattern Capital Management LLC’s holdings in Union Pacific were worth $9,099,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UNP. Triangle Securities Wealth Management raised its stake in shares of Union Pacific by 5.8% during the 1st quarter. Triangle Securities Wealth Management now owns 2,493 shares of the railroad operator’s stock worth $589,000 after acquiring an additional 136 shares in the last quarter. Apella Capital LLC raised its stake in shares of Union Pacific by 714.2% during the 1st quarter. Apella Capital LLC now owns 9,591 shares of the railroad operator’s stock worth $2,144,000 after acquiring an additional 8,413 shares in the last quarter. Lifestyle Asset Management Inc. bought a new position in shares of Union Pacific during the 1st quarter worth approximately $200,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Union Pacific by 28.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,672 shares of the railroad operator’s stock worth $2,049,000 after acquiring an additional 1,940 shares in the last quarter. Finally, Chatham Capital Group Inc. raised its stake in shares of Union Pacific by 0.6% during the 1st quarter. Chatham Capital Group Inc. now owns 15,863 shares of the railroad operator’s stock worth $3,747,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $234.65 on Friday. The company’s fifty day moving average price is $223.43 and its 200 day moving average price is $224.59. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a market capitalization of $139.16 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.74 earnings per share. On average, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were given a dividend of $1.38 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is currently 47.96%.

Wall Street Analysts Forecast Growth

UNP has been the subject of several recent analyst reports. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. BMO Capital Markets upped their price target on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Morgan Stanley cut their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Finally, Sanford C. Bernstein upped their price target on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $260.00.

About Union Pacific

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.