SNS Financial Group LLC Increases Stake in Union Pacific Co. (NYSE:UNP)

SNS Financial Group LLC increased its holdings in Union Pacific Co. (NYSE:UNP) by 226.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,005 shares of the railroad operator’s stock after purchasing an additional 8,323 shares during the period. SNS Financial Group LLC’s holdings in Union Pacific were worth $2,030,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Union Pacific during the 4th quarter valued at $1,036,317,000. FMR LLC boosted its position in Union Pacific by 29.1% during the 1st quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock valued at $2,712,416,000 after buying an additional 3,653,756 shares during the period. Ellis Investment Partners LLC boosted its position in Union Pacific by 16,626.5% during the 1st quarter. Ellis Investment Partners LLC now owns 2,689,126 shares of the railroad operator’s stock valued at $2,689,000 after buying an additional 2,673,049 shares during the period. Ronna Sue Cohen boosted its position in Union Pacific by 15,456.0% during the 1st quarter. Ronna Sue Cohen now owns 1,298,301 shares of the railroad operator’s stock valued at $1,298,000 after buying an additional 1,289,955 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its position in Union Pacific by 17,755.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 798,662 shares of the railroad operator’s stock valued at $79,866,000 after buying an additional 794,189 shares during the period. 79.32% of the stock is owned by institutional investors.

In other news, Director William J. Delaney III acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average cost of $174.06 per share, with a total value of $870,300.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $870,300. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the sale, the executive vice president now directly owns 94,943 shares in the company, valued at $17,093,537.72. The disclosure for this sale can be found here. Corporate insiders own 9.96% of the company’s stock.

Several brokerages have commented on UNP. Stifel Nicolaus set a $170.00 price objective on shares of Union Pacific and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Cowen restated a “buy” rating and issued a $184.00 price objective on shares of Union Pacific in a report on Thursday, July 18th. Zacks Investment Research upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price objective for the company in a report on Monday, July 22nd. Credit Suisse Group set a $203.00 price objective on shares of Union Pacific and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, ValuEngine lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $182.62.

Shares of Union Pacific stock traded down $2.45 during trading on Wednesday, hitting $165.88. The company’s stock had a trading volume of 91,453 shares, compared to its average volume of 3,439,046. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.72 and a quick ratio of 0.58. The business’s fifty day moving average price is $171.52. The firm has a market capitalization of $122.25 billion, a P/E ratio of 21.00, a PEG ratio of 1.94 and a beta of 1.04. Union Pacific Co. has a 52 week low of $128.08 and a 52 week high of $180.54.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. Union Pacific’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $1.98 EPS. As a group, equities research analysts anticipate that Union Pacific Co. will post 8.96 EPS for the current fiscal year.

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 paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.34%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, August 29th. Union Pacific’s dividend payout ratio (DPR) is presently 44.50%.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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