Crews Bank & Trust Cuts Holdings in Union Pacific Corporation $UNP

Crews Bank & Trust trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 2.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,724 shares of the railroad operator’s stock after selling 109 shares during the quarter. Crews Bank & Trust’s holdings in Union Pacific were worth $1,087,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Triangle Securities Wealth Management boosted its stake in shares of Union Pacific by 5.8% in the 1st quarter. Triangle Securities Wealth Management now owns 2,493 shares of the railroad operator’s stock worth $589,000 after buying an additional 136 shares during the last quarter. Apella Capital LLC boosted its stake in shares of Union Pacific by 714.2% in the 1st quarter. Apella Capital LLC now owns 9,591 shares of the railroad operator’s stock worth $2,144,000 after buying an additional 8,413 shares during the last quarter. Lifestyle Asset Management Inc. purchased a new position in shares of Union Pacific in the 1st quarter worth $200,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Union Pacific by 28.8% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,672 shares of the railroad operator’s stock worth $2,049,000 after buying an additional 1,940 shares during the last quarter. Finally, Chatham Capital Group Inc. boosted its stake in shares of Union Pacific by 0.6% in the 1st quarter. Chatham Capital Group Inc. now owns 15,863 shares of the railroad operator’s stock worth $3,747,000 after buying an additional 100 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

NYSE:UNP opened at $234.65 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The business’s 50-day simple moving average is $223.43 and its two-hundred day simple moving average is $224.59. The stock has a market cap of $139.16 billion, a PE ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 1.07. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84.

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

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a dividend of $1.38 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific’s payout ratio is 47.96%.

Analyst Ratings Changes

UNP has been the topic of a number of research reports. Susquehanna restated a “positive” rating and issued a $272.00 price target (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Wells Fargo & Company lifted their target price on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Finally, UBS Group lifted their target price on Union Pacific from $238.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.00.

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.