Coastal Bridge Advisors LLC Acquires 152 Shares of Union Pacific Co. (NYSE:UNP)

Coastal Bridge Advisors LLC raised its stake in Union Pacific Co. (NYSE:UNP) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,371 shares of the railroad operator’s stock after buying an additional 152 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in Union Pacific were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UNP. Ameriprise Financial Inc. lifted its position in Union Pacific by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after acquiring an additional 106,996 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Union Pacific by 7.6% in the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after purchasing an additional 518,985 shares during the period. Legal & General Group Plc lifted its holdings in shares of Union Pacific by 2.1% in the second quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after purchasing an additional 124,571 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Union Pacific by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 5,856,266 shares of the railroad operator’s stock worth $1,438,417,000 after buying an additional 113,946 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in shares of Union Pacific by 5.7% during the first quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock worth $1,081,348,000 after buying an additional 237,083 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is owned by insiders.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $244.22 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $148.78 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a twelve month low of $199.33 and a twelve month high of $258.66. The company has a 50-day simple moving average of $245.80 and a two-hundred day simple moving average of $238.89.

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

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $1.34 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is presently 51.15%.

Analyst Ratings Changes

Several equities research analysts have commented on UNP shares. Sanford C. Bernstein cut their target price on Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. BMO Capital Markets decreased their target price on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. StockNews.com raised shares of Union Pacific from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd. Finally, Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $254.00 to $247.00 in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.11.

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.