Union Pacific Co. (NYSE:UNP) Shares Purchased by Miramar Capital LLC

Miramar Capital LLC boosted its holdings in Union Pacific Co. (NYSE:UNP) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,184 shares of the railroad operator’s stock after acquiring an additional 180 shares during the period. Union Pacific comprises about 3.0% of Miramar Capital LLC’s investment portfolio, making the stock its 12th biggest holding. Miramar Capital LLC’s holdings in Union Pacific were worth $12,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in UNP. OLD Point Trust & Financial Services N A bought a new position in Union Pacific during the 4th quarter worth $25,000. Richardson Capital Management LLC bought a new position in shares of Union Pacific during the first quarter worth about $26,000. Raleigh Capital Management Inc. increased its holdings in shares of Union Pacific by 211.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 74 shares during the period. Cultivar Capital Inc. bought a new stake in Union Pacific in the 2nd quarter valued at about $27,000. Finally, Scarborough Advisors LLC acquired a new position in Union Pacific during the 4th quarter valued at about $29,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Down 1.0 %

Shares of NYSE UNP opened at $251.13 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 12 month low of $199.33 and a 12 month high of $258.66. The company has a market cap of $152.99 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 2.24 and a beta of 1.05. The business has a fifty day simple moving average of $244.75 and a 200-day simple moving average of $239.16.

Union Pacific (NYSE:UNP) last announced 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 company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $2.57 earnings per share. Sell-side analysts predict that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.13%. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, August 30th. Union Pacific’s payout ratio is presently 51.15%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UNP shares. 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 reduced their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Union Pacific in a research note on Thursday, September 12th. Finally, TD Cowen lowered their price objective on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.79.

Insider Buying and Selling at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction 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 completion of the sale, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

About Union Pacific

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.