Corient Private Wealth LP Buys New Stake in Union Pacific Corporation $UNP

Corient Private Wealth LP purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 511,200 shares of the railroad operator’s stock, valued at approximately $139,046,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific during the fourth quarter worth about $25,000. SWAN Capital LLC boosted its position 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 period. Rachor Investment Advisory Services LLC purchased a new position in Union Pacific during the 4th quarter worth approximately $25,000. Scarborough Advisors LLC purchased a new position in Union Pacific during the 1st quarter worth approximately $27,000. Finally, Cornerstone Financial Management LLC acquired a new position in Union Pacific during the fourth quarter worth approximately $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNP has been the subject of several research analyst reports. Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $339.00 target price (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. The Goldman Sachs Group set a $317.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Evercore reissued an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a research report on Thursday, June 25th. Finally, Stephens upgraded shares of Union Pacific to a “strong-buy” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $320.89.

Insiders Place Their Bets

In other Union Pacific 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 transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.22% of the company’s stock.

Union Pacific Stock Performance

NYSE UNP opened at $311.21 on Thursday. The stock has a market capitalization of $184.88 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 3.16 and a beta of 0.96. The business’s 50 day moving average is $289.07 and its two-hundred day moving average is $269.15. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.

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

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio is presently 44.70%.

Union Pacific 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.