28,304 Shares in Union Pacific Corporation $UNP Acquired by Canal Capital Management LLC

Canal Capital Management LLC purchased a new position in Union Pacific Corporation (NYSE:UNPFree Report) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 28,304 shares of the railroad operator’s stock, valued at approximately $6,867,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Rachor Investment Advisory Services LLC purchased a new position in Union Pacific in the fourth quarter worth about $25,000. Tucker Asset Management LLC purchased a new stake in Union Pacific during the fourth quarter valued at approximately $25,000. SWAN Capital LLC lifted its stake in shares of Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. High Point Wealth Management LLC purchased a new position in shares of Union Pacific in the 4th quarter worth approximately $26,000. Finally, Saranac Partners Ltd purchased a new stake in Union Pacific during the 3rd quarter valued at $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Union Pacific

Here are the key news stories impacting Union Pacific this week:

Union Pacific Stock Performance

UNP stock opened at $282.50 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The firm has a market cap of $167.73 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.97 and a beta of 0.96. The firm has a 50-day simple moving average of $267.68 and a two-hundred day simple moving average of $252.28. Union Pacific Corporation has a one year low of $210.84 and a one year high of $282.80.

Union Pacific (NYSE:UNPGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.07. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.70 earnings per share. On average, equities analysts forecast that Union Pacific Corporation will post 12.55 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, May 29th. Union Pacific’s dividend payout ratio is 45.47%.

Analyst Ratings Changes

Several research analysts have commented on UNP shares. Sanford C. Bernstein lifted their price objective on shares of Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Evercore reiterated an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. Barclays reissued an “overweight” rating and issued a $315.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. UBS Group reissued a “neutral” rating and issued a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. Finally, Benchmark boosted their target price on Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $283.11.

Read Our Latest Stock Analysis on UNP

Insider Activity

In other Union Pacific news, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the transaction, the chief financial officer owned 114,642 shares in the company, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,378 shares of company stock valued at $8,781,595 in the last ninety days. Insiders own 0.22% of the company’s stock.

Union Pacific Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNPFree Report).

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

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