Councilmark Asset Management LLC Invests $1.57 Million in Union Pacific Corporation $UNP

Councilmark Asset Management LLC bought a new stake in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, Holdings Channel.com reports. The firm bought 5,788 shares of the railroad operator’s stock, valued at approximately $1,574,000.

A number of other institutional investors have also recently bought and sold shares of UNP. First Bancorp Inc ME bought a new position in shares of Union Pacific during the 2nd quarter worth approximately $691,000. Roberts Glore & Co. Inc. IL bought a new stake in Union Pacific in the 2nd quarter valued at $2,739,000. Valtrion Capital Management LLC acquired a new stake in Union Pacific during the 2nd quarter valued at $402,000. Polar Asset Management Partners Inc. bought a new position in Union Pacific during the second quarter worth $12,131,000. Finally, Jupiter Topco LLC bought a new position in Union Pacific during the second quarter worth $479,274,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UNP. UBS Group restated a “neutral” rating and set a $310.00 target price (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. BMO Capital Markets reiterated a “market perform” rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $339.00 price target (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Citizens Jmp started coverage on Union Pacific in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 price target for the company. Finally, Citigroup increased their price objective on Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

Union Pacific Stock Up 0.1%

NYSE UNP opened at $310.11 on Wednesday. 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 company has a market cap of $184.23 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 3.16 and a beta of 0.96. The company has a 50 day moving average of $287.99 and a 200-day moving average of $268.73. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99.

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

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio is currently 44.70%.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.22% of the company’s stock.

Union Pacific Company Profile

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.