CNB Bank reduced its holdings in Union Pacific Co. (NYSE:UNP – Get Rating) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,216 shares of the railroad operator’s stock after selling 70 shares during the quarter. Union Pacific accounts for about 2.8% of CNB Bank’s investment portfolio, making the stock its 5th largest position. CNB Bank’s holdings in Union Pacific were worth $4,977,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mountain Pacific Investment Advisers Inc. ID boosted its holdings in shares of Union Pacific by 6.2% in the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 2,753 shares of the railroad operator’s stock worth $694,000 after purchasing an additional 160 shares in the last quarter. PFG Private Wealth Management LLC boosted its holdings in shares of Union Pacific by 23.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 428 shares of the railroad operator’s stock worth $108,000 after purchasing an additional 81 shares in the last quarter. CWM LLC purchased a new position in shares of Union Pacific in the 4th quarter worth about $4,067,000. Laurel Wealth Advisors Inc. boosted its holdings in shares of Union Pacific by 266.6% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 5,466 shares of the railroad operator’s stock worth $1,377,000 after purchasing an additional 3,975 shares in the last quarter. Finally, Berger Financial Group Inc boosted its holdings in shares of Union Pacific by 37.0% in the 4th quarter. Berger Financial Group Inc now owns 2,453 shares of the railroad operator’s stock worth $618,000 after purchasing an additional 663 shares in the last quarter. Institutional investors and hedge funds own 80.26% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Susquehanna upped their price objective on Union Pacific from $306.00 to $310.00 and gave the stock a “positive” rating in a report on Thursday, April 7th. UBS Group cut Union Pacific from a “buy” rating to a “neutral” rating and dropped their target price for the company from $283.00 to $267.00 in a report on Friday, April 22nd. Royal Bank of Canada cut Union Pacific from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $271.00 to $258.00 in a report on Thursday, March 17th. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, May 26th. Finally, Susquehanna Bancshares increased their target price on Union Pacific from $306.00 to $310.00 in a report on Thursday, April 7th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $264.23.
Union Pacific (NYSE:UNP – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The railroad operator reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.02. Union Pacific had a return on equity of 50.20% and a net margin of 30.06%. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the company earned $2.00 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities analysts forecast that Union Pacific Co. will post 11.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Tuesday, May 31st will be issued a $1.30 dividend. 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 2.49%. Union Pacific’s dividend payout ratio (DPR) is presently 49.43%.
In other Union Pacific news, EVP Kenyatta G. Rocker sold 4,018 shares of Union Pacific stock in a transaction 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 completion of 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 filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by company insiders.
About Union Pacific (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.
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