FineMark National Bank & Trust Trims Holdings in Union Pacific Corporation $UNP

FineMark National Bank & Trust decreased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 2.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 34,378 shares of the railroad operator’s stock after selling 730 shares during the period. FineMark National Bank & Trust’s holdings in Union Pacific were worth $7,910,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Heritage Wealth Advisors lifted its holdings in shares of Union Pacific by 0.6% in the second quarter. Heritage Wealth Advisors now owns 154,751 shares of the railroad operator’s stock worth $35,605,000 after buying an additional 969 shares in the last quarter. Portside Wealth Group LLC grew its stake in Union Pacific by 24.7% during the second quarter. Portside Wealth Group LLC now owns 4,815 shares of the railroad operator’s stock valued at $1,108,000 after acquiring an additional 953 shares in the last quarter. First American Trust FSB increased its holdings in Union Pacific by 0.5% during the 2nd quarter. First American Trust FSB now owns 44,348 shares of the railroad operator’s stock worth $10,203,000 after acquiring an additional 242 shares during the period. Empowered Funds LLC lifted its stake in Union Pacific by 21.4% in the 2nd quarter. Empowered Funds LLC now owns 47,228 shares of the railroad operator’s stock worth $10,866,000 after purchasing an additional 8,318 shares in the last quarter. Finally, Invenio Wealth Partners LLC lifted its stake in Union Pacific by 7.8% in the 2nd quarter. Invenio Wealth Partners LLC now owns 1,047 shares of the railroad operator’s stock worth $241,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $220.97 on Wednesday. The firm has a market capitalization of $131.07 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The business’s 50-day moving average price is $224.36 and its 200-day moving average price is $224.79.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the prior year, the firm earned $2.75 earnings per share. Union Pacific’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. Union Pacific’s dividend payout ratio (DPR) is currently 46.90%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $263.00 price target on shares of Union Pacific and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. Susquehanna reaffirmed a “positive” rating and issued a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Citigroup lifted their price target on Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Royal Bank Of Canada upped their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

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.