59,282 Shares in Union Pacific Corporation $UNP Purchased by First Nebraska Trust Co

First Nebraska Trust Co acquired a new stake in Union Pacific Corporation (NYSE:UNP) in the first quarter, HoldingsChannel reports. The firm acquired 59,282 shares of the railroad operator’s stock, valued at approximately $14,383,000. Union Pacific makes up about 1.3% of First Nebraska Trust Co’s portfolio, making the stock its 17th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rachor Investment Advisory Services LLC purchased a new position in Union Pacific during the fourth quarter worth approximately $25,000. Tucker Asset Management LLC acquired a new stake in Union Pacific in the fourth quarter valued at $25,000. SWAN Capital LLC lifted its holdings in Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after buying an additional 103 shares during the last quarter. High Point Wealth Management LLC bought a new stake in Union Pacific during the fourth quarter valued at $26,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Union Pacific during the 4th quarter valued at about $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UNP shares. Bank of America lifted their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Citizens Jmp assumed coverage on Union Pacific in a research note on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price target for the company. TD Cowen reiterated a “buy” rating and set a $325.00 price target (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Stephens upgraded shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, UBS Group restated a “neutral” rating and issued a $310.00 price objective (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $320.89.

Union Pacific Stock Performance

UNP opened at $291.83 on Friday. The stock’s 50 day simple moving average is $277.60 and its 200-day simple moving average is $260.55. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The stock has a market cap of $173.37 billion, a PE ratio of 23.63, a P/E/G ratio of 2.99 and a beta of 0.96. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same period last year, the business earned $3.03 earnings per share. Union Pacific’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts forecast that Union Pacific Corporation will post 12.9 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is 44.70%.

Insider Activity at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.