RNC Capital Management LLC Lowers Stock Position in Union Pacific Co. (NYSE:UNP)

RNC Capital Management LLC decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,350 shares of the railroad operator’s stock after selling 120 shares during the period. RNC Capital Management LLC’s holdings in Union Pacific were worth $1,314,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunburst Financial Group LLC boosted its holdings in shares of Union Pacific by 1.8% in the 4th quarter. Sunburst Financial Group LLC now owns 2,393 shares of the railroad operator’s stock valued at $588,000 after buying an additional 42 shares in the last quarter. Sunflower Bank N.A. boosted its holdings in shares of Union Pacific by 0.8% in the 4th quarter. Sunflower Bank N.A. now owns 5,573 shares of the railroad operator’s stock valued at $1,369,000 after buying an additional 43 shares in the last quarter. Obsidian Personal Planning Solutions LLC boosted its holdings in shares of Union Pacific by 1.9% in the 3rd quarter. Obsidian Personal Planning Solutions LLC now owns 2,416 shares of the railroad operator’s stock valued at $492,000 after buying an additional 45 shares in the last quarter. Vivaldi Capital Management LP boosted its holdings in shares of Union Pacific by 3.1% in the 2nd quarter. Vivaldi Capital Management LP now owns 1,585 shares of the railroad operator’s stock valued at $324,000 after buying an additional 47 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas boosted its holdings in shares of Union Pacific by 3.7% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 1,384 shares of the railroad operator’s stock valued at $282,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insiders Place Their Bets

In other Union Pacific news, President Elizabeth F. Whited sold 3,750 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $250.00, for a total transaction of $937,500.00. Following the sale, the president now directly owns 56,682 shares of the company’s stock, valued at approximately $14,170,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UNP shares. Benchmark restated a “buy” rating and issued a $260.00 target price on shares of Union Pacific in a report on Friday, January 26th. UBS Group increased their price target on shares of Union Pacific from $235.00 to $248.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Raymond James increased their price target on shares of Union Pacific from $240.00 to $275.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of Union Pacific from $239.00 to $237.00 and set a “neutral” rating for the company in a research note on Friday, January 26th. Finally, BMO Capital Markets increased their price target on shares of Union Pacific from $270.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $249.67.

Union Pacific Stock Performance

NYSE:UNP opened at $244.63 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.67 and a debt-to-equity ratio of 2.11. The firm has a 50-day moving average price of $247.48 and a two-hundred day moving average price of $230.40. Union Pacific Co. has a twelve month low of $190.37 and a twelve month high of $258.66. The company has a market capitalization of $149.17 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 2.62 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, January 25th. The railroad operator reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.15. Union Pacific had a net margin of 26.45% and a return on equity of 46.87%. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the firm posted $2.67 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. As a group, research analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 29th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $5.20 annualized dividend and a dividend yield of 2.13%. Union Pacific’s dividend payout ratio is currently 49.71%.

Union Pacific Company 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.