Midwest Professional Planners LTD. Increases Stock Holdings in Union Pacific Corporation $UNP

Midwest Professional Planners LTD. increased its position in shares of Union Pacific Corporation (NYSE:UNP) by 15.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,407 shares of the railroad operator’s stock after purchasing an additional 2,328 shares during the period. Midwest Professional Planners LTD.’s holdings in Union Pacific were worth $4,735,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of UNP. Capital Advisors Inc. OK grew its stake in shares of Union Pacific by 1.8% in the 2nd quarter. Capital Advisors Inc. OK now owns 1,888 shares of the railroad operator’s stock valued at $513,000 after buying an additional 34 shares during the period. Tiemann Investment Advisors LLC increased its holdings in shares of Union Pacific by 1.7% during the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator’s stock worth $576,000 after buying an additional 35 shares during the last quarter. TFR Capital LLC. raised its position in shares of Union Pacific by 3.8% during the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock valued at $266,000 after buying an additional 36 shares during the period. Key Financial Inc raised its position in shares of Union Pacific by 2.1% during the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after buying an additional 38 shares during the period. Finally, Members Trust Co lifted its holdings in Union Pacific by 2.5% in the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock valued at $382,000 after acquiring an additional 38 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Down 3.5%

UNP opened at $290.29 on Wednesday. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The business has a fifty day simple moving average of $292.52 and a 200-day simple moving average of $270.39. The firm has a market cap of $172.46 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.99 and a beta of 0.96.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the previous year, the business earned $3.03 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities analysts expect that Union Pacific Corporation will post 13.02 earnings per share 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 given a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 2.0%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio is presently 45.99%.

Analysts Set New Price Targets

Several brokerages recently weighed in on UNP. Benchmark increased their price objective 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 reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Citizens Jmp began coverage on Union Pacific in a report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price target for the company. 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, Robert W. Baird boosted their price objective on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $320.89.

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.