Union Pacific Co. (NYSE:UNP) Shares Bought by Somerset Trust Co

Somerset Trust Co boosted its stake in Union Pacific Co. (NYSE:UNP) by 5.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,032 shares of the railroad operator’s stock after buying an additional 50 shares during the period. Somerset Trust Co’s holdings in Union Pacific were worth $254,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ethic Inc. boosted its stake in Union Pacific by 26.8% in the 4th quarter. Ethic Inc. now owns 25,474 shares of the railroad operator’s stock worth $6,257,000 after purchasing an additional 5,379 shares during the period. Vivaldi Capital Management LP lifted its stake in Union Pacific by 23.2% in the fourth quarter. Vivaldi Capital Management LP now owns 2,017 shares of the railroad operator’s stock valued at $495,000 after acquiring an additional 380 shares during the last quarter. Orleans Capital Management Corp LA grew its position in Union Pacific by 3.6% in the fourth quarter. Orleans Capital Management Corp LA now owns 14,793 shares of the railroad operator’s stock worth $3,633,000 after acquiring an additional 511 shares in the last quarter. Pitcairn Co. increased its stake in shares of Union Pacific by 12.1% during the 4th quarter. Pitcairn Co. now owns 12,675 shares of the railroad operator’s stock worth $3,113,000 after purchasing an additional 1,367 shares during the last quarter. Finally, Midland Wealth Advisors LLC acquired a new position in Union Pacific during the fourth quarter worth $1,068,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the topic of several research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research report on Monday, July 29th. Royal Bank of Canada upped their target price on shares of Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Citigroup started coverage on shares of Union Pacific in a report on Wednesday. They set a “neutral” rating and a $264.00 price objective on the stock. Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and reduced their target price for the company from $276.00 to $238.00 in a research note on Monday, June 17th. Finally, StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $259.50.

Insider Activity

In related news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction dated 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 transaction, the president now directly owns 64,945 shares of the company’s stock, valued at $16,014,787.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.28% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $237.68 on Thursday. The company has a 50-day moving average price of $245.74 and a two-hundred day moving average price of $238.62. Union Pacific Co. has a twelve month low of $199.97 and a twelve month high of $258.66. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $144.79 billion, a PE ratio of 22.68, a P/E/G ratio of 2.20 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.57 earnings per share. Equities analysts forecast 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 dividend of $1.34 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, August 30th. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

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.