Union Pacific Co. (NYSE:UNP) Shares Bought by Drexel Morgan & Co.

Drexel Morgan & Co. increased its position in Union Pacific Co. (NYSE:UNP) by 8.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,373 shares of the railroad operator’s stock after acquiring an additional 1,500 shares during the period. Union Pacific makes up 0.9% of Drexel Morgan & Co.’s portfolio, making the stock its 20th biggest position. Drexel Morgan & Co.’s holdings in Union Pacific were worth $4,383,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Forum Financial Management LP lifted its position in Union Pacific by 0.6% during the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after acquiring an additional 41 shares during the last quarter. Prestige Wealth Management Group LLC increased its stake in shares of Union Pacific by 1.4% in the first quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock worth $741,000 after purchasing an additional 42 shares during the period. Fairhaven Wealth Management LLC lifted its position in shares of Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after purchasing an additional 43 shares during the last quarter. Elevated Capital Advisors LLC boosted its stake in Union Pacific by 3.6% during the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock valued at $312,000 after purchasing an additional 44 shares during the period. Finally, Fortis Capital Advisors LLC boosted its stake in Union Pacific by 5.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock valued at $225,000 after purchasing an additional 44 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on UNP shares. Royal Bank of Canada reiterated an “outperform” rating and set a $275.00 price target on shares of Union Pacific in a report on Thursday, September 12th. Stifel Nicolaus reduced their price target 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. Wells Fargo & Company assumed coverage on shares of Union Pacific in a research report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target on the stock. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Sanford C. Bernstein decreased their target price on Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. Eight 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $258.79.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were 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 in the company, valued at approximately $16,014,787.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is owned by corporate insiders.

Union Pacific Price Performance

NYSE:UNP opened at $248.44 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The firm has a market cap of $151.35 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. Union Pacific Co. has a 12 month low of $199.33 and a 12 month high of $258.66. The company’s 50-day moving average price is $245.15 and its two-hundred day moving average price is $239.23.

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. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the business earned $2.57 EPS. Union Pacific’s revenue was up .7% compared to the same quarter last year. On average, equities analysts anticipate that Union Pacific Co. will post 11.11 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.16%. 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 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.