Union Pacific Corporation $UNP Stock Holdings Lessened by Huntington National Bank

Huntington National Bank reduced its holdings in Union Pacific Corporation (NYSE:UNP) by 2.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 93,260 shares of the railroad operator’s stock after selling 2,333 shares during the quarter. Huntington National Bank’s holdings in Union Pacific were worth $21,573,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Union Pacific by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock valued at $13,724,045,000 after purchasing an additional 659,378 shares during the last quarter. Geode Capital Management LLC boosted its stake in Union Pacific by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock valued at $3,552,550,000 after buying an additional 296,814 shares in the last quarter. Capital World Investors boosted its stake in Union Pacific by 193.3% during the third quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock valued at $2,477,404,000 after buying an additional 6,908,016 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after buying an additional 3,861,636 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Union Pacific by 95.0% in the 3rd quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock worth $2,059,538,000 after acquiring an additional 4,244,226 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 1,999 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.93, for a total transaction of $469,625.07. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the sale, the chief financial officer directly owned 114,642 shares in the company, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,386 shares of company stock valued at $8,461,716 in the last three months. 0.22% of the stock is currently owned by company insiders.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $279.41 on Thursday. The company’s fifty day moving average is $255.55 and its two-hundred day moving average is $245.12. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $279.70. The company has a market cap of $165.89 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 2.88 and a beta of 0.99.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the previous year, the business earned $2.70 EPS. The company’s revenue was up 3.2% on a year-over-year basis. Equities analysts expect that Union Pacific Corporation will post 12.53 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s payout ratio is 45.47%.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of recent research reports. TD Cowen lifted their target price on Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, April 24th. BMO Capital Markets restated a “market perform” rating and issued a $285.00 target price (up from $278.00) on shares of Union Pacific in a report on Friday, April 24th. Evercore restated an “outperform” rating and issued a $277.00 target price on shares of Union Pacific in a report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $289.00 target price (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, Citigroup restated a “buy” rating and issued a $307.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.47.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.