1,276 Shares in Union Pacific Co. (NYSE:UNP) Bought by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc bought a new stake in Union Pacific Co. (NYSE:UNP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,276 shares of the railroad operator’s stock, valued at approximately $289,000.

A number of other large investors have also added to or reduced their stakes in UNP. OLD Point Trust & Financial Services N A purchased a new stake in shares of Union Pacific during the 4th quarter valued at $25,000. Richardson Capital Management LLC purchased a new stake in Union Pacific in the first quarter valued at about $26,000. Raleigh Capital Management Inc. raised its stake 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 buying an additional 74 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in Union Pacific in the fourth quarter worth about $29,000. Finally, Cultivar Capital Inc. purchased a new stake in shares of Union Pacific during the second quarter worth about $27,000. 80.38% of the stock is currently owned by institutional investors.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Union Pacific Stock Up 0.4 %

UNP opened at $244.22 on Friday. The company has a fifty day moving average of $245.80 and a two-hundred day moving average of $238.89. The stock has a market capitalization of $148.78 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion during 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%. Union Pacific’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.57 EPS. On average, research analysts expect that Union Pacific Co. will post 11.11 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $1.34 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.19%. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on UNP shares. Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $254.00 to $247.00 in a research note on Wednesday. Barclays lowered their price objective on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Sanford C. Bernstein cut their target price on Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. BMO Capital Markets lowered their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Finally, TD Cowen dropped their price target on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $258.11.

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.