Union Pacific Co. (NYSE:UNP) Shares Sold by 1ST Source Bank

1ST Source Bank decreased its holdings in Union Pacific Co. (NYSE:UNP) by 9.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,252 shares of the railroad operator’s stock after selling 765 shares during the quarter. 1ST Source Bank’s holdings in Union Pacific were worth $1,787,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific during the second quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Union Pacific in the second quarter valued at about $28,000. Financial Gravity Asset Management Inc. lifted its stake in shares of Union Pacific by 3,250.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after buying an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Union Pacific during the third quarter worth about $30,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Union Pacific in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 1.1 %

Shares of UNP stock traded up $2.62 during trading hours on Friday, reaching $236.33. 834,684 shares of the stock traded hands, compared to its average volume of 2,334,371. The business has a fifty day moving average price of $238.46 and a 200 day moving average price of $238.27. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.66. The firm has a market capitalization of $143.28 billion, a PE ratio of 21.46, a PEG ratio of 2.31 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6.14 billion. During the same period last year, the business earned $2.51 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Union Pacific Co. will post 10.94 EPS for the current year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, December 9th. Union Pacific’s dividend payout ratio is currently 49.22%.

Wall Street Analysts Forecast Growth

UNP has been the subject of several analyst reports. BMO Capital Markets dropped their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Sanford C. Bernstein reduced their price target on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Nine investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific 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.