Security National Trust Co. lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,799 shares of the railroad operator’s stock after selling 456 shares during the quarter. Union Pacific makes up 1.2% of Security National Trust Co.’s holdings, making the stock its 28th biggest holding. Security National Trust Co.’s holdings in Union Pacific were worth $3,687,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of UNP. Nuveen Asset Management LLC lifted its holdings in shares of Union Pacific by 1,957.4% during the second quarter. Nuveen Asset Management LLC now owns 8,164,209 shares of the railroad operator’s stock worth $1,380,648,000 after purchasing an additional 7,767,384 shares during the period. FMR LLC lifted its holdings in shares of Union Pacific by 29.1% during the first quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock worth $2,712,416,000 after purchasing an additional 3,653,756 shares during the period. Invesco Ltd. lifted its holdings in shares of Union Pacific by 106.4% during the second quarter. Invesco Ltd. now owns 4,282,775 shares of the railroad operator’s stock worth $724,260,000 after purchasing an additional 2,207,908 shares during the period. Soroban Capital Partners LP lifted its holdings in shares of Union Pacific by 69.6% during the second quarter. Soroban Capital Partners LP now owns 4,320,067 shares of the railroad operator’s stock worth $730,567,000 after purchasing an additional 1,772,727 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its holdings in shares of Union Pacific by 17,755.2% during the second quarter. Thoroughbred Financial Services LLC now owns 798,662 shares of the railroad operator’s stock worth $79,866,000 after purchasing an additional 794,189 shares during the period. 77.77% of the stock is currently owned by hedge funds and other institutional investors.
UNP stock traded down $0.97 during trading on Tuesday, reaching $165.08. The stock had a trading volume of 3,448,344 shares, compared to its average volume of 3,529,555. Union Pacific Co. has a one year low of $128.08 and a one year high of $180.54. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average is $165.54 and its two-hundred day moving average is $169.38. The company has a market capitalization of $117.22 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.87 and a beta of 1.06.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 2.35%. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio is presently 49.05%.
UNP has been the topic of a number of recent research reports. Deutsche Bank lifted their price target on shares of Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, July 19th. ValuEngine lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group cut their price target on shares of Union Pacific from $201.00 to $193.00 and set a “buy” rating on the stock in a report on Tuesday, September 17th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $190.00 to $170.00 in a report on Thursday, June 13th. Finally, Atlantic Securities upgraded shares of Union Pacific from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $175.00 to $195.00 in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $183.15.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.96% of the company’s stock.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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