Midwest Trust Co cut its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 0.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 285,214 shares of the railroad operator’s stock after selling 2,010 shares during the period. Midwest Trust Co’s holdings in Union Pacific were worth $77,578,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. R Squared Ltd acquired a new stake in Union Pacific during the second quarter worth approximately $836,000. 111 Capital bought a new stake in Union Pacific in the second quarter worth approximately $1,489,000. Synergy Financial Group LTD acquired a new position in Union Pacific in the second quarter valued at approximately $201,000. Golden Reserve Retirement LLC lifted its stake in Union Pacific by 136.7% in the second quarter. Golden Reserve Retirement LLC now owns 2,706 shares of the railroad operator’s stock valued at $736,000 after buying an additional 1,563 shares during the period. Finally, 71 West Capital Partners boosted its holdings in shares of Union Pacific by 47.1% during the 2nd quarter. 71 West Capital Partners now owns 5,085 shares of the railroad operator’s stock worth $1,383,000 after buying an additional 1,627 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on UNP. Wells Fargo & Company reaffirmed an “overweight” rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Robert W. Baird increased their target price on shares of Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Bank of America raised their price target on shares of Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, UBS Group reiterated a “neutral” rating and set a $310.00 price objective (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $320.89.
Union Pacific Stock Performance
UNP opened at $293.57 on Monday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The company has a market cap of $174.40 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.00 and a beta of 0.96. The company’s fifty day moving average price is $283.00 and its two-hundred day moving average price is $265.37. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.
Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $3.03 earnings per share. On average, analysts expect that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.
Union Pacific Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is 44.70%.
Insider Transactions at Union Pacific
In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.
About Union Pacific
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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