Stolper Co Acquires 673 Shares of Union Pacific Co. (NYSE:UNP)

Stolper Co increased its stake in Union Pacific Co. (NYSE:UNP) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,335 shares of the railroad operator’s stock after buying an additional 673 shares during the period. Union Pacific accounts for about 2.2% of Stolper Co’s holdings, making the stock its 20th largest holding. Stolper Co’s holdings in Union Pacific were worth $6,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Union Pacific during the fourth quarter valued at $1,832,127,000. Capital Research Global Investors lifted its stake in shares of Union Pacific by 23.1% in the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock worth $1,682,931,000 after buying an additional 1,285,144 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Union Pacific during the fourth quarter valued at approximately $293,162,000. Capital World Investors increased its position in shares of Union Pacific by 35.3% during the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock valued at $1,012,857,000 after acquiring an additional 1,073,625 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in Union Pacific by 115.3% in the 4th quarter. TD Asset Management Inc now owns 1,070,123 shares of the railroad operator’s stock valued at $262,844,000 after acquiring an additional 573,072 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

UNP has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research note on Monday, July 29th. Stifel Nicolaus dropped their price target on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Royal Bank of Canada reissued an “outperform” rating and set a $275.00 price objective on shares of Union Pacific in a report on Thursday. TD Cowen cut their target price on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Finally, Sanford C. Bernstein lowered their price target on Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.79.

Insider Activity at Union Pacific

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

Union Pacific Stock Up 0.1 %

Shares of UNP opened at $249.12 on Friday. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $151.76 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 2.19 and a beta of 1.05. The business’s 50 day moving average is $243.00 and its 200 day moving average is $239.29.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.57 earnings per share. Research analysts expect that Union Pacific Co. will post 11.11 earnings per share for the current fiscal 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 given a $1.34 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, August 30th. Union Pacific’s payout ratio is currently 51.15%.

Union Pacific 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.