Union Pacific Corporation $UNP Shares Sold by Legacy Trust

Legacy Trust lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 9.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,173 shares of the railroad operator’s stock after selling 338 shares during the period. Legacy Trust’s holdings in Union Pacific were worth $730,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Northern Trust Corp boosted its stake in shares of Union Pacific by 2.0% during the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after acquiring an additional 142,732 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Union Pacific by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after acquiring an additional 354,463 shares during the last quarter. Royal Bank of Canada boosted its stake in Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after buying an additional 86,292 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after buying an additional 452,788 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Union Pacific in the 1st quarter worth about $988,822,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

UNP has been the topic of a number of research analyst reports. UBS Group set a $253.00 price target on Union Pacific and gave the stock a “neutral” rating in a research note on Friday. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Susquehanna reissued 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. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and raised their price target for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Finally, Citigroup raised Union Pacific from a “neutral” rating to a “buy” rating and raised their price target for the stock from $250.00 to $251.00 in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.54.

Union Pacific Stock Performance

Union Pacific stock opened at $236.60 on Friday. The stock’s 50-day moving average is $223.67 and its 200-day moving average is $224.51. The company has a market cap of $140.33 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84.

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

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

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.