Union Pacific Co. (NYSE:UNP) Shares Purchased by 1ST Source Bank

1ST Source Bank boosted its position in Union Pacific Co. (NYSE:UNP) by 6.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,017 shares of the railroad operator’s stock after purchasing an additional 504 shares during the period. 1ST Source Bank’s holdings in Union Pacific were worth $1,814,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. OLD Point Trust & Financial Services N A acquired a new stake in Union Pacific in the fourth quarter worth approximately $25,000. Richardson Capital Management LLC acquired a new stake in Union Pacific in the first quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted its position in Union Pacific by 211.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 74 shares during the period. Cultivar Capital Inc. acquired a new stake in Union Pacific in the second quarter worth approximately $27,000. Finally, Scarborough Advisors LLC acquired a new stake in Union Pacific in the fourth quarter worth approximately $29,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

Union Pacific Stock Up 0.1 %

NYSE UNP opened at $249.12 on Friday. Union Pacific Co. has a twelve month low of $199.33 and a twelve month 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. The stock has a market cap of $151.76 billion, a PE ratio of 23.77, a PEG ratio of 2.19 and a beta of 1.05. The firm has a 50-day simple moving average of $243.00 and a 200 day simple moving average of $239.29.

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

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is 51.15%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays cut their price objective on Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Wells Fargo & Company assumed coverage on Union Pacific in a research report on Friday, June 7th. They set an “overweight” rating and a $270.00 price objective for the company. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and cut their price objective for the company from $276.00 to $238.00 in a research report on Monday, June 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $275.00 target price on shares of Union Pacific in a research note on Thursday. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.