Union Pacific Corporation $UNP Shares Bought by Peterson Wealth Services

Peterson Wealth Services increased its stake in Union Pacific Corporation (NYSE:UNP) by 1,497.5% in the fourth quarter, Holdings Channel reports. The firm owned 19,681 shares of the railroad operator’s stock after purchasing an additional 18,449 shares during the period. Union Pacific comprises 1.2% of Peterson Wealth Services’ holdings, making the stock its 23rd largest position. Peterson Wealth Services’ holdings in Union Pacific were worth $4,553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of UNP. Rachor Investment Advisory Services LLC acquired a new stake in Union Pacific in the 4th quarter worth approximately $25,000. Tucker Asset Management LLC acquired a new stake in Union Pacific in the 4th quarter worth approximately $25,000. High Point Wealth Management LLC acquired a new stake in Union Pacific during the 4th quarter valued at approximately $26,000. Caitlin John LLC acquired a new stake in Union Pacific during the 3rd quarter valued at approximately $27,000. Finally, Saranac Partners Ltd acquired a new stake in Union Pacific during the 3rd quarter valued at approximately $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on UNP. Susquehanna restated a “positive” rating and set a $305.00 price objective on shares of Union Pacific in a research note on Friday, June 5th. JPMorgan Chase & Co. lifted their price objective on shares of Union Pacific from $267.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. TD Cowen lifted their price objective on shares of Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Evercore restated an “outperform” rating and set a $277.00 price objective on shares of Union Pacific in a research note on Friday, April 24th. Finally, Royal Bank Of Canada restated 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $282.21.

Union Pacific Price Performance

NYSE:UNP opened at $268.50 on Friday. 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 firm has a market cap of $159.41 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 2.83 and a beta of 0.97. The company has a 50 day moving average price of $261.64 and a 200-day moving average price of $248.52. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $279.70.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.07. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.70 EPS. Equities research analysts forecast that Union Pacific Corporation will post 12.53 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s payout ratio is 45.47%.

Insider Activity

In related news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the sale, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,377 shares of company stock valued at $9,251,221 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

About Union Pacific

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.