MidWestOne Financial Group Inc. Has $541,000 Holdings in Union Pacific Co. (NYSE:UNP)

MidWestOne Financial Group Inc. cut its holdings in Union Pacific Co. (NYSE:UNP) by 2.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,391 shares of the railroad operator’s stock after selling 51 shares during the period. MidWestOne Financial Group Inc.’s holdings in Union Pacific were worth $541,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. OLD Point Trust & Financial Services N A acquired a new position in shares of Union Pacific in the fourth quarter valued at about $25,000. Richardson Capital Management LLC acquired a new position in shares of Union Pacific in the first quarter valued at about $26,000. Raleigh Capital Management Inc. grew its stake in shares of Union Pacific by 211.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 74 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Union Pacific during the fourth quarter worth about $29,000. Finally, Cultivar Capital Inc. acquired a new stake in Union Pacific during the second quarter worth 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 have issued reports on the stock. StockNews.com upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Monday, September 23rd. Susquehanna reduced their price objective on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 25th. Evercore ISI downgraded shares of Union Pacific from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $254.00 to $247.00 in a research note on Wednesday. Stifel Nicolaus reduced their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Benchmark reiterated a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research note on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $258.11.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.28% of the company’s stock.

Union Pacific Stock Up 0.4 %

Shares of NYSE UNP opened at $244.22 on Friday. The company has a 50 day simple moving average of $245.80 and a 200 day simple moving average of $238.89. The firm has a market cap of $148.78 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter last year, the business earned $2.57 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, research analysts forecast that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $1.34 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.19%. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

Union Pacific Company 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.