Emprise Bank Has $1.17 Million Stake in Union Pacific Co. (NYSE:UNP)

Emprise Bank trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 11.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,741 shares of the railroad operator’s stock after selling 600 shares during the period. Emprise Bank’s holdings in Union Pacific were worth $1,169,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. OLD Point Trust & Financial Services N A bought a new position in shares of Union Pacific during the fourth quarter worth approximately $25,000. Richardson Capital Management LLC bought a new position in shares of Union Pacific during the first quarter worth approximately $26,000. Raleigh Capital Management Inc. increased its stake in shares of Union Pacific by 211.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 74 shares during the period. Cultivar Capital Inc. bought a new position in Union Pacific during the 2nd quarter worth $27,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Union Pacific during the second quarter worth about $28,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is currently owned by company insiders.

Union Pacific Stock Down 0.9 %

Union Pacific stock opened at $243.35 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. Union Pacific Co. has a 52-week low of $199.33 and a 52-week high of $258.66. The firm has a 50 day moving average price of $246.10 and a two-hundred day moving average price of $238.86. The firm has a market cap of $148.25 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.25 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm 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 company’s revenue was up .7% compared to the same quarter last year. Equities analysts predict that Union Pacific Co. will post 11.1 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $1.34 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.20%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s payout ratio is currently 51.15%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein reduced their price objective on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. TD Cowen reduced their price objective on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Royal Bank of Canada raised their price target on shares of Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday. Bank of America reduced their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Finally, Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.32.

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.