Parkside Investments LLC Acquires 22,485 Shares of Union Pacific Co. (NYSE:UNP)

Parkside Investments LLC increased its holdings in Union Pacific Co. (NYSE:UNP) by 227.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,370 shares of the railroad operator’s stock after purchasing an additional 22,485 shares during the quarter. Parkside Investments LLC’s holdings in Union Pacific were worth $6,624,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Union Pacific in the fourth quarter worth $25,000. NewSquare Capital LLC grew its stake in shares of Union Pacific by 116.7% in the first quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock worth $26,000 after purchasing an additional 70 shares during the last quarter. Tucker Asset Management LLC bought a new stake in Union Pacific during the first quarter valued at $26,000. Miller Wealth Advisors LLC boosted its position in Union Pacific by 108.3% during the first quarter. Miller Wealth Advisors LLC now owns 125 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 65 shares during the last quarter. Finally, Centerpoint Advisors LLC boosted its position in Union Pacific by 86.7% during the first quarter. Centerpoint Advisors LLC now owns 155 shares of the railroad operator’s stock valued at $31,000 after acquiring an additional 72 shares during the last quarter. Institutional investors own 77.36% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP stock traded down $1.74 during trading hours on Friday, hitting $213.96. 835,630 shares of the company were exchanged, compared to its average volume of 2,934,821. The firm has a fifty day simple moving average of $220.41 and a 200 day simple moving average of $206.38. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 2.39. Union Pacific Co. has a 52-week low of $183.69 and a 52-week high of $240.48. The stock has a market capitalization of $130.40 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 2.02 and a beta of 1.11.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $2.57 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.18). The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 55.03% and a net margin of 27.18%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the business posted $2.93 earnings per share. Research analysts predict that Union Pacific Co. will post 10.5 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.43%. The ex-dividend date is Wednesday, August 30th. Union Pacific’s dividend payout ratio (DPR) is presently 47.45%.

Wall Street Analyst Weigh In

A number of analysts have commented on UNP shares. Citigroup upped their price target on shares of Union Pacific from $235.00 to $270.00 in a research report on Thursday, July 27th. Susquehanna increased their price objective on shares of Union Pacific from $230.00 to $240.00 in a research report on Thursday, July 27th. Morgan Stanley cut their price objective on shares of Union Pacific from $171.00 to $168.00 in a research report on Thursday, July 6th. Stifel Nicolaus increased their price objective on shares of Union Pacific from $216.00 to $223.00 in a research report on Monday, July 17th. Finally, Stephens increased their price objective on shares of Union Pacific from $232.00 to $257.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. Twelve investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $233.97.

Insider Buying and Selling

In other Union Pacific news, EVP Kenyatta G. Rocker sold 8,700 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total value of $1,935,141.00. Following the completion of the transaction, the executive vice president now directly owns 42,061 shares of the company’s stock, valued at approximately $9,355,628.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Jennifer L. Hamann sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $222.83, for a total transaction of $222,830.00. Following the sale, the chief financial officer now owns 99,378 shares in the company, valued at approximately $22,144,399.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kenyatta G. Rocker sold 8,700 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the sale, the executive vice president now owns 42,061 shares in the company, valued at approximately $9,355,628.23. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.