Texas Capital Bank Wealth Management Services Inc Purchases 1,104 Shares of Union Pacific Co. (NYSE:UNP)

Texas Capital Bank Wealth Management Services Inc increased its holdings in Union Pacific Co. (NYSE:UNP) by 86.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,380 shares of the railroad operator’s stock after acquiring an additional 1,104 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Union Pacific were worth $587,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC grew its position in Union Pacific by 5.8% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,414 shares of the railroad operator’s stock worth $772,000 after acquiring an additional 186 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in Union Pacific by 14.7% in the second quarter. Capital Investment Advisors LLC now owns 11,553 shares of the railroad operator’s stock worth $2,614,000 after buying an additional 1,479 shares in the last quarter. Country Trust Bank increased its position in shares of Union Pacific by 26.3% in the second quarter. Country Trust Bank now owns 240 shares of the railroad operator’s stock valued at $54,000 after acquiring an additional 50 shares during the period. Jacobs & Co. CA grew its stake in shares of Union Pacific by 2.6% in the second quarter. Jacobs & Co. CA now owns 60,416 shares of the railroad operator’s stock worth $13,669,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Curated Wealth Partners LLC lifted its holdings in Union Pacific by 217.1% in the 2nd quarter. Curated Wealth Partners LLC now owns 3,988 shares of the railroad operator’s stock worth $902,000 after buying an additional 7,393 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.1 %

Shares of UNP stock opened at $234.69 on Friday. The stock has a fifty day simple moving average of $239.43 and a two-hundred day simple moving average of $238.31. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.66. The firm has a market capitalization of $142.28 billion, a PE ratio of 21.55, a PEG ratio of 2.35 and a beta of 1.05. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same period last year, the firm posted $2.51 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts predict that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.28%. Union Pacific’s dividend payout ratio is 49.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup upped their target price on Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. TD Cowen dropped their price objective on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. reduced their price objective on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Royal Bank of Canada lowered their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $259.80.

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.