Central Pacific Bank Trust Division Purchases 86 Shares of Union Pacific Corporation $UNP

Central Pacific Bank Trust Division raised its position in shares of Union Pacific Corporation (NYSE:UNP) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,258 shares of the railroad operator’s stock after purchasing an additional 86 shares during the period. Central Pacific Bank Trust Division’s holdings in Union Pacific were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Toronto Dominion Bank increased its stake in Union Pacific by 6.7% in the fourth quarter. Toronto Dominion Bank now owns 344,840 shares of the railroad operator’s stock valued at $78,636,000 after acquiring an additional 21,700 shares during the last quarter. Tema Etfs LLC bought a new position in shares of Union Pacific during the fourth quarter valued at about $1,690,000. Strategic Wealth Partners Ltd. grew its stake in shares of Union Pacific by 512.0% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 39,281 shares of the railroad operator’s stock worth $9,858,000 after purchasing an additional 32,863 shares during the last quarter. TrinityPoint Wealth LLC grew its stake in shares of Union Pacific by 2.3% in the fourth quarter. TrinityPoint Wealth LLC now owns 5,262 shares of the railroad operator’s stock worth $1,200,000 after purchasing an additional 117 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of Union Pacific by 41.8% in the fourth quarter. Tidal Investments LLC now owns 60,352 shares of the railroad operator’s stock worth $13,763,000 after purchasing an additional 17,796 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of UNP stock opened at $214.73 on Monday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The company has a market capitalization of $127.34 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.09 and a beta of 1.03. The company’s 50-day simple moving average is $224.46 and its two-hundred day simple moving average is $225.79. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period last year, the firm earned $2.74 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $1.38 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific’s dividend payout ratio is 47.96%.

Analyst Upgrades and Downgrades

UNP has been the topic of several research reports. Susquehanna cut their price objective on Union Pacific from $260.00 to $257.00 and set a “positive” rating on the stock in a research report on Wednesday, July 30th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Baird R W upgraded shares of Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Finally, Citigroup downgraded shares of Union Pacific from a “strong-buy” rating to a “hold” rating and cut their price objective for the company from $270.00 to $250.00 in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $258.21.

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.