Union Pacific Corporation $UNP Shares Purchased by Bank of Stockton

Bank of Stockton lifted its position in shares of Union Pacific Corporation (NYSE:UNP) by 372.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,086 shares of the railroad operator’s stock after buying an additional 4,798 shares during the quarter. Bank of Stockton’s holdings in Union Pacific were worth $1,477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Rachor Investment Advisory Services LLC purchased a new stake in Union Pacific in the 4th quarter worth approximately $25,000. Tucker Asset Management LLC purchased a new position in shares of Union Pacific during the 4th quarter worth $25,000. SWAN Capital LLC boosted its holdings in shares of Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. High Point Wealth Management LLC acquired a new stake in shares of Union Pacific during the fourth quarter worth $26,000. Finally, Saranac Partners Ltd purchased a new stake in shares of Union Pacific in the third quarter valued at $27,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UNP shares. Benchmark upped their target price on Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Evercore restated an “outperform” rating and issued a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $289.00 price objective (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. Raymond James Financial set a $310.00 price objective on shares of Union Pacific in a report on Friday, April 24th. Finally, UBS Group reissued a “neutral” rating and issued a $274.00 target price (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average target price of $286.89.

Insiders Place Their Bets

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction on Wednesday, June 3rd. The shares were 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 in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the sale, the executive vice president directly owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This trade represents a 30.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,378 shares of company stock worth $8,781,595 over the last ninety days. 0.22% of the stock is owned by company insiders.

Union Pacific Stock Performance

Union Pacific stock opened at $283.07 on Wednesday. The company has a market cap of $168.06 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 2.97 and a beta of 0.96. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $285.79. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The stock’s 50-day moving average is $268.18 and its 200-day moving average is $253.01.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.70 EPS. Equities analysts anticipate that Union Pacific Corporation will post 12.55 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, May 29th. Union Pacific’s payout ratio is currently 45.47%.

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.