Cullen Frost Bankers Inc. Has $46.11 Million Stake in Union Pacific Co. (NYSE:UNP)

Cullen Frost Bankers Inc. lowered its holdings in Union Pacific Co. (NYSE:UNP) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 203,780 shares of the railroad operator’s stock after selling 210 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Union Pacific were worth $46,107,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in UNP. OLD Point Trust & Financial Services N A acquired a new position in Union Pacific during the 4th quarter worth $25,000. Richardson Capital Management LLC acquired a new position in shares of Union Pacific during the first quarter valued at $26,000. Raleigh Capital Management Inc. boosted its holdings in Union Pacific by 211.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 74 shares during the last quarter. Cultivar Capital Inc. acquired a new stake in Union Pacific in the second quarter worth about $27,000. Finally, Scarborough Advisors LLC bought a new stake in Union Pacific during the 4th quarter worth about $29,000. Institutional investors own 80.38% of the company’s stock.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the transaction, the president now owns 64,945 shares in the company, valued at $16,014,787.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Union Pacific Stock Down 0.8 %

Shares of NYSE:UNP traded down $1.90 during midday trading on Friday, reaching $249.63. The company had a trading volume of 2,406,225 shares, compared to its average volume of 2,268,389. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66. The stock has a market cap of $152.07 billion, a PE ratio of 23.81, a P/E/G ratio of 2.26 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The business’s 50 day moving average price is $240.55 and its 200 day moving average price is $239.38.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.57 EPS. Research analysts forecast that Union Pacific Co. will post 11.11 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business 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 dividend of $1.34 per share. The ex-dividend date is Friday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a yield of 2.15%. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

Analyst Ratings Changes

UNP has been the topic of several recent research reports. Barclays reduced their target price on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Sanford C. Bernstein dropped their target price on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Susquehanna cut their price target on Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 25th. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Finally, StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Eight research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.79.

About Union Pacific

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.