Brown Brothers Harriman & Co. Buys 1,162 Shares of Union Pacific Co. (NYSE:UNP)

Brown Brothers Harriman & Co. increased its stake in shares of Union Pacific Co. (NYSE:UNP) by 0.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 223,301 shares of the railroad operator’s stock after acquiring an additional 1,162 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Union Pacific were worth $50,524,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of UNP. OLD Point Trust & Financial Services N A bought a new stake in Union Pacific in the 4th quarter valued at $25,000. Richardson Capital Management LLC bought a new position in Union Pacific in the 1st quarter valued at about $26,000. Raleigh Capital Management Inc. raised its position 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 valued at $27,000 after buying an additional 74 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of Union Pacific during the 4th quarter worth approximately $29,000. Finally, Cultivar Capital Inc. acquired a new stake in shares of Union Pacific during the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the subject of several research analyst reports. Wells Fargo & Company began coverage on shares of Union Pacific in a research report on Friday, June 7th. They set an “overweight” rating and a $270.00 price objective for the company. Susquehanna dropped their price objective on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $275.00 target price on shares of Union Pacific in a research report on Thursday. Sanford C. Bernstein dropped their target price on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $266.00 price target on shares of Union Pacific in a report on Monday, July 29th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $258.79.

Union Pacific Trading Up 0.1 %

NYSE UNP opened at $249.12 on Monday. The firm has a market capitalization of $151.76 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. The business’s 50-day moving average price is $243.00 and its two-hundred day moving average price is $239.08. The company has a current ratio of 1.05, a quick ratio of 0.86 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.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.57 EPS. On average, analysts expect that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a $1.34 dividend. The ex-dividend date is Friday, August 30th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a yield of 2.15%. Union Pacific’s payout ratio is 51.15%.

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.