Carnegie Investment Counsel Has $21.23 Million Holdings in Union Pacific Corporation $UNP

Carnegie Investment Counsel cut its holdings in Union Pacific Corporation (NYSE:UNP) by 4.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 87,513 shares of the railroad operator’s stock after selling 3,893 shares during the quarter. Carnegie Investment Counsel’s holdings in Union Pacific were worth $21,232,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Cambient Family Office LLC bought a new position in shares of Union Pacific in the 4th quarter worth $1,319,000. North Dakota State Investment Board acquired a new stake in Union Pacific during the 4th quarter worth approximately $4,746,000. First National Bank of Omaha boosted its stake in Union Pacific by 35.8% in the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after purchasing an additional 14,399 shares during the period. Avanza Fonder AB bought a new position in Union Pacific during the 4th quarter worth about $1,449,000. Finally, Sage Investment Advisers LLC bought a new position in shares of Union Pacific during the fourth quarter worth about $997,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific News Summary

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

• Positive Sentiment: JPMorgan raised its price target on Union Pacific to $304 from $275, implying additional upside from current levels, while keeping a neutral rating. Article: Union Pacific price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Stephens upgraded Union Pacific to strong-buy, signaling confidence in the railroad’s earnings outlook and valuation momentum. Article: Union Pacific was upgraded by Stephens
• Positive Sentiment: Coverage around Union Pacific and Norfolk Southern’s proposed merger continues to advance, with both companies filing responses as the regulatory review moves forward. Investors may see the deal as a potential long-term strategic catalyst if approved. Article: Norfolk Southern (NSC) Files Merger Response With Union Pacific As STB Review Advances
• Neutral Sentiment: Commentary on the proposed rail merger from Union Pacific and Norfolk Southern CEOs highlights the scale of the strategic opportunity, but also underscores that the deal remains subject to significant regulatory scrutiny. Article: EXCLUSIVE: Union Pacific, Norfolk Southern CEOs talk about the rail merger
• Neutral Sentiment: Seeking Alpha published a downgrade saying buying Union Pacific now may be “too late,” which adds a cautionary note but does not appear to outweigh the bullish analyst actions. Article: Union Pacific: Buying Now Feels Too Late (Rating Downgrade)

Union Pacific Stock Performance

Shares of Union Pacific stock traded up $2.23 during trading on Friday, reaching $287.27. The company’s stock had a trading volume of 1,876,184 shares, compared to its average volume of 2,394,006. The business’s 50-day moving average price is $269.23 and its 200-day moving average price is $253.94. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $288.90. The firm has a market cap of $170.55 billion, a PE ratio of 23.66, a P/E/G ratio of 3.02 and a beta of 0.96. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter last year, the business earned $2.70 earnings per share. Union Pacific’s revenue was up 3.2% on a year-over-year basis. Equities analysts forecast that Union Pacific Corporation will post 12.56 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Union Pacific’s dividend payout ratio is currently 45.47%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

UNP has been the subject of several analyst reports. Evercore restated an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a report on Thursday, June 25th. UBS Group reissued a “neutral” rating and set a $274.00 price target (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. BMO Capital Markets restated a “market perform” rating and issued a $285.00 price target (up from $278.00) on shares of Union Pacific in a research note on Friday, April 24th. Susquehanna reaffirmed a “positive” rating and set a $305.00 price target on shares of Union Pacific in a research report on Friday, June 5th. Finally, Weiss Ratings cut Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $290.39.

About Union Pacific

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.