Dockside LLC Invests $1.92 Million in Union Pacific Corporation $UNP

Dockside LLC bought a new position in Union Pacific Corporation (NYSE:UNP) during the 4th quarter, Holdings Channel reports. The firm bought 8,312 shares of the railroad operator’s stock, valued at approximately $1,923,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Tucker Asset Management LLC acquired a new position in shares of Union Pacific in the 4th quarter worth approximately $25,000. SWAN Capital LLC boosted its holdings in shares of Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in shares of Union Pacific in the 4th quarter worth approximately $25,000. Caitlin John LLC acquired a new position in shares of Union Pacific in the 3rd quarter worth approximately $27,000. Finally, Saranac Partners Ltd acquired a new position in shares of Union Pacific in the 3rd quarter worth approximately $27,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the transaction, the chief financial officer directly owned 114,642 shares in the company, valued at $31,492,157.40. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,377 shares of company stock valued at $9,251,221 in the last 90 days. 0.22% of the stock is owned by company insiders.

Union Pacific Stock Up 1.5%

NYSE:UNP opened at $272.37 on Friday. The stock’s fifty day moving average price is $262.23 and its two-hundred day moving average price is $248.69. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $279.70. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The company has a market cap of $161.71 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.89 and a beta of 0.97.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the business earned $2.70 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts anticipate that Union Pacific Corporation will post 12.55 EPS for the current year.

Union Pacific Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on UNP shares. JPMorgan Chase & Co. boosted their target price on Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. TD Cowen boosted their target price on Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, April 24th. BMO Capital Markets reissued a “market perform” rating and issued a $285.00 target price (up from $278.00) on shares of Union Pacific in a report on Friday, April 24th. Wells Fargo & Company reissued an “overweight” rating and issued a $300.00 target price (up from $260.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, UBS Group reaffirmed a “neutral” rating and set a $274.00 price objective (up from $253.00) on shares of Union Pacific in a report on Friday, April 24th. One research 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $282.21.

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.