Hara Capital LLC Takes Position in Union Pacific Corporation $UNP

Hara Capital LLC bought a new position in Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,365 shares of the railroad operator’s stock, valued at approximately $643,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital World Investors increased its holdings in Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock valued at $4,658,142,000 after acquiring an additional 9,655,306 shares during the last quarter. Norges Bank purchased a new position in shares of Union Pacific during the fourth quarter valued at about $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after purchasing an additional 3,861,636 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Union Pacific by 26.0% in the fourth quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock worth $2,540,105,000 after purchasing an additional 2,267,708 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Union Pacific by 16.8% in the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock worth $3,509,030,000 after purchasing an additional 2,084,808 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on UNP shares. Benchmark boosted their target price on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. Evercore reaffirmed an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a research note on Thursday, June 25th. Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Finally, Citizens Jmp began coverage on Union Pacific in a research report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Stock Up 0.8%

Shares of NYSE UNP opened at $304.34 on Friday. The firm’s 50-day moving average price is $285.59 and its 200-day moving average price is $267.31. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $180.80 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 3.08 and a beta of 0.96. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.03 EPS. On average, equities research analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.9%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio (DPR) is currently 44.70%.

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.