MBB Public Markets I LLC Increases Position in Union Pacific Co. (NYSE:UNP)

MBB Public Markets I LLC lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1,172.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,597 shares of the railroad operator’s stock after buying an additional 40,172 shares during the period. MBB Public Markets I LLC’s holdings in Union Pacific were worth $9,864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UNP. OLD Point Trust & Financial Services N A acquired a new stake in shares of Union Pacific in the 4th quarter valued at approximately $25,000. Richardson Capital Management LLC acquired a new stake in Union Pacific in the first quarter valued at $26,000. Raleigh Capital Management Inc. boosted its position in shares of Union Pacific by 211.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 74 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Union Pacific during the 2nd quarter worth $27,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Union Pacific during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the transaction, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UNP. Susquehanna dropped their target price on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a report on Tuesday, June 25th. TD Cowen reduced their price objective on Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a report on Friday, July 26th. Barclays lowered their target price on Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Stifel Nicolaus cut their price target on Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, Sanford C. Bernstein lowered their price objective on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.11.

Union Pacific Trading Down 0.9 %

NYSE:UNP opened at $243.23 on Friday. The firm has a market capitalization of $148.18 billion, a P/E ratio of 23.21, a P/E/G ratio of 2.26 and a beta of 1.05. The business has a 50 day simple moving average of $245.76 and a 200 day simple moving average of $238.98. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the company posted $2.57 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts predict that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a dividend of $1.34 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.36 annualized dividend and a yield of 2.20%. Union Pacific’s payout ratio is presently 51.15%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.