Synovus Financial Corp Acquires 3,906 Shares of Union Pacific Corporation $UNP

Synovus Financial Corp grew its holdings in Union Pacific Corporation (NYSE:UNP) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,394 shares of the railroad operator’s stock after purchasing an additional 3,906 shares during the quarter. Synovus Financial Corp’s holdings in Union Pacific were worth $9,785,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Howard Capital Management Group LLC grew its stake in shares of Union Pacific by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock valued at $532,000 after purchasing an additional 45 shares during the last quarter. St. Johns Investment Management Company LLC lifted its holdings in Union Pacific by 1.6% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock worth $693,000 after buying an additional 46 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in Union Pacific by 2.5% in the 3rd quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock valued at $444,000 after buying an additional 46 shares during the last quarter. Silver Oak Securities Incorporated boosted its position in Union Pacific by 4.5% in the 3rd quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator’s stock valued at $252,000 after buying an additional 46 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. increased its stake in shares of Union Pacific by 0.7% in the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 6,729 shares of the railroad operator’s stock valued at $1,591,000 after buying an additional 47 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Up 0.7%

Shares of NYSE:UNP opened at $264.67 on Thursday. The company has a 50 day moving average price of $238.15 and a two-hundred day moving average price of $229.47. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. The company has a market capitalization of $157.05 billion, a PE ratio of 22.11, a PEG ratio of 2.87 and a beta of 0.98. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $265.37.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. Union Pacific’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.91 EPS. Analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, February 27th. Union Pacific’s payout ratio is 46.12%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays reiterated an “overweight” rating and issued a $285.00 price target (up previously from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. JPMorgan Chase & Co. reduced their target price on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. TD Cowen cut their price objective on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Union Pacific in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and an average target price of $258.32.

Union Pacific 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.