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

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

Other hedge funds have also added to or reduced their stakes in the company. Forum Financial Management LP raised its stake 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 valued at $1,731,000 after buying an additional 41 shares during the last quarter. Berkeley Capital Partners LLC increased its stake in Union Pacific by 1.0% in the 4th quarter. Berkeley Capital Partners LLC now owns 4,100 shares of the railroad operator’s stock worth $1,007,000 after buying an additional 42 shares in the last quarter. Prestige Wealth Management Group LLC raised its stake in Union Pacific by 1.4% during the 1st quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock valued at $741,000 after purchasing an additional 42 shares during the period. Fairhaven Wealth Management LLC raised its position in shares of Union Pacific by 1.7% during the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after buying an additional 43 shares during the last quarter. Finally, Elevated Capital Advisors LLC lifted its stake in Union Pacific by 3.6% in the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock worth $312,000 after purchasing an additional 44 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Performance

Shares of UNP opened at $249.63 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The firm has a market cap of $152.30 billion, a PE ratio of 23.82, a P/E/G ratio of 2.26 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 stock has a fifty day moving average price of $240.55 and a 200-day moving average price of $239.32.

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

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a dividend of $1.34 per share. The ex-dividend date is Friday, August 30th. 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 yield of 2.15%. Union Pacific’s payout ratio is currently 51.15%.

Insiders Place Their Bets

In related news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on UNP. Barclays lowered their target price on Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Royal Bank of Canada lowered their price target on Union Pacific from $281.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Loop Capital lowered shares of 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 report on Monday, June 17th. Finally, Susquehanna cut their price target on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. Eight research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.79.

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.