Union Pacific Co. (NYSE:UNP) Stake Lowered by First PREMIER Bank

First PREMIER Bank cut its stake in shares of Union Pacific Co. (NYSE:UNP) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,898 shares of the railroad operator’s stock after selling 482 shares during the quarter. Union Pacific comprises approximately 2.0% of First PREMIER Bank’s portfolio, making the stock its 9th biggest position. First PREMIER Bank’s holdings in Union Pacific were worth $7,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of UNP. BNP Paribas bought a new stake in shares of Union Pacific in the 1st quarter worth $1,088,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of Union Pacific by 19.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock valued at $31,078,000 after buying an additional 20,173 shares during the last quarter. Shellback Capital LP increased its holdings in Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after buying an additional 4,400 shares in the last quarter. Peoples Bank KS bought a new position in Union Pacific during the 3rd quarter valued at about $834,000. Finally, M&G Plc purchased a new stake in shares of Union Pacific during the 1st quarter valued at about $10,378,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the firm’s 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 completion of the transaction, the president now owns 64,945 shares in the company, valued at $16,014,787.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.28% of the company’s stock.

Union Pacific Stock Performance

NYSE UNP opened at $237.27 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a twelve month low of $199.97 and a twelve month high of $258.66. The business has a 50-day moving average price of $245.92 and a 200-day moving average price of $238.62. The firm has a market cap of $144.54 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.03. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate 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 for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.57 EPS. As a group, equities research analysts predict that Union Pacific Co. will post 11.1 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were paid a $1.34 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.36 annualized dividend and a yield of 2.26%. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s payout ratio is presently 51.15%.

Analysts Set New Price Targets

UNP has been the subject of several research reports. TD Cowen decreased their price objective on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a report on Friday, July 26th. Susquehanna increased their price target on Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Stifel Nicolaus cut their price objective on Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Evercore ISI downgraded Union Pacific from an “outperform” rating to an “inline” rating and lowered their target price for the company from $254.00 to $247.00 in a report on Wednesday, September 25th. Finally, Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.55.

Union Pacific 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.