Moody National Bank Trust Division decreased its position in Union Pacific Co. (NYSE:UNP – Get Rating) by 1.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 15,404 shares of the railroad operator’s stock after selling 266 shares during the period. Moody National Bank Trust Division’s holdings in Union Pacific were worth $4,209,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. CAPROCK Group Inc. lifted its holdings in shares of Union Pacific by 13.7% in the first quarter. CAPROCK Group Inc. now owns 5,123 shares of the railroad operator’s stock valued at $1,400,000 after buying an additional 617 shares during the period. First American Trust FSB lifted its holdings in shares of Union Pacific by 5.1% in the first quarter. First American Trust FSB now owns 20,946 shares of the railroad operator’s stock valued at $5,722,000 after buying an additional 1,024 shares during the period. Old Port Advisors lifted its holdings in shares of Union Pacific by 1.6% in the first quarter. Old Port Advisors now owns 3,311 shares of the railroad operator’s stock valued at $861,000 after buying an additional 53 shares during the period. Bowling Portfolio Management LLC lifted its holdings in shares of Union Pacific by 2.0% in the first quarter. Bowling Portfolio Management LLC now owns 7,508 shares of the railroad operator’s stock valued at $2,051,000 after buying an additional 147 shares during the period. Finally, Beese Fulmer Investment Management Inc. lifted its holdings in shares of Union Pacific by 1.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 37,250 shares of the railroad operator’s stock valued at $10,177,000 after buying an additional 569 shares during the period. Institutional investors and hedge funds own 80.26% of the company’s stock.
Several analysts have recently weighed in on the company. Royal Bank of Canada lowered Union Pacific from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $271.00 to $258.00 in a report on Thursday, March 17th. JPMorgan Chase & Co. upped their target price on Union Pacific from $267.00 to $276.00 and gave the company an “overweight” rating in a report on Friday, April 8th. UBS Group downgraded Union Pacific from a “buy” rating to a “neutral” rating and reduced their target price for the company from $283.00 to $267.00 in a report on Friday, April 22nd. Barclays reduced their target price on Union Pacific from $290.00 to $255.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, May 26th. Eight investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $264.23.
Union Pacific (NYSE:UNP – Get Rating) last issued its quarterly earnings data on Thursday, April 21st. The railroad operator reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.02. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.76 billion. Union Pacific had a return on equity of 50.20% and a net margin of 30.06%. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 EPS. Research analysts forecast that Union Pacific Co. will post 11.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st will be issued a dividend of $1.30 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend is Friday, May 27th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.50%. Union Pacific’s dividend payout ratio is currently 49.43%.
In other Union Pacific news, EVP Kenyatta G. Rocker sold 4,018 shares of the firm’s stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $250.00, for a total value of $1,004,500.00. Following the sale, the executive vice president now owns 41,177 shares of the company’s stock, valued at approximately $10,294,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.
Union Pacific Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Union Pacific (UNP)
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