Chris Bulman Inc Purchases Shares of 2,211 Union Pacific Co. (NYSE:UNP)

Chris Bulman Inc purchased a new stake in Union Pacific Co. (NYSE:UNP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,211 shares of the railroad operator’s stock, valued at approximately $500,000.

Several other large investors have also recently bought and sold shares of the company. Allegheny Financial Group LTD lifted its stake in Union Pacific by 22.5% in the fourth quarter. Allegheny Financial Group LTD now owns 10,885 shares of the railroad operator’s stock valued at $2,674,000 after buying an additional 2,000 shares during the period. BNP Paribas bought a new position in shares of Union Pacific during the first quarter worth $1,088,000. Stifel Financial Corp grew its holdings in shares of Union Pacific by 10.8% in the 4th quarter. Stifel Financial Corp now owns 2,273,959 shares of the railroad operator’s stock valued at $558,542,000 after buying an additional 222,318 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Union Pacific by 19.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock valued at $31,078,000 after buying an additional 20,173 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Union Pacific by 5.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 75,365 shares of the railroad operator’s stock worth $18,511,000 after buying an additional 4,089 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UNP shares. Wells Fargo & Company started 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. Sanford C. Bernstein decreased their target price on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday. Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and lowered their target price for the stock from $276.00 to $238.00 in a research note on Monday, June 17th. Finally, Benchmark restated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, 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 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 sale, the president now directly 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 available at this link. 0.28% of the stock is owned by corporate insiders.

Union Pacific Stock Down 0.8 %

UNP stock opened at $249.63 on Friday. The stock’s 50 day moving average is $240.55 and its 200-day moving average is $239.32. Union Pacific Co. has a twelve month low of $199.33 and a twelve month high of $258.66. The firm has a market capitalization of $152.30 billion, a PE ratio of 23.82, a P/E/G ratio of 2.26 and a beta of 1.05. 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 (NYSE:UNP) last posted 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 firm had revenue of $6.01 billion for 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 company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.57 EPS. Sell-side analysts expect that Union Pacific Co. will post 11.11 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $1.34 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, August 30th. Union Pacific’s dividend payout ratio is currently 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.