Union Pacific Co. (NYSE:UNP) Stock Holdings Lessened by TIAA Trust National Association

TIAA Trust National Association cut its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,969 shares of the railroad operator’s stock after selling 1,020 shares during the period. TIAA Trust National Association’s holdings in Union Pacific were worth $11,305,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in Union Pacific by 46.9% in the fourth quarter. Nordea Investment Management AB now owns 87,905 shares of the railroad operator’s stock worth $21,596,000 after buying an additional 28,052 shares during the last quarter. BKM Wealth Management LLC bought a new position in shares of Union Pacific during the 4th quarter valued at $273,000. West Coast Financial LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at $279,000. OneAscent Financial Services LLC bought a new stake in Union Pacific in the fourth quarter worth $301,000. Finally, Whittier Trust Co. increased its position in Union Pacific by 0.4% during the fourth quarter. Whittier Trust Co. now owns 32,245 shares of the railroad operator’s stock worth $7,920,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP traded down $0.69 during midday trading on Friday, reaching $242.32. 3,870,094 shares of the company’s stock were exchanged, compared to its average volume of 2,111,814. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 1.99. The business has a 50-day simple moving average of $230.55 and a two-hundred day simple moving average of $239.03. The firm has a market capitalization of $147.84 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. Union Pacific’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.67 EPS. As a group, research analysts predict that Union Pacific Co. will post 11.14 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 issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, August 30th. Union Pacific’s payout ratio is currently 49.62%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UNP. Raymond James reiterated a “strong-buy” rating and set a $280.00 price target (up previously from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $276.00 to $238.00 in a research note on Monday, June 17th. Morgan Stanley raised their target price on shares of Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, Stifel Nicolaus cut their target price on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.54.

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.