Comerica Bank Trims Position in Union Pacific Corporation $UNP

Comerica Bank lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 260,039 shares of the railroad operator’s stock after selling 5,157 shares during the quarter. Comerica Bank’s holdings in Union Pacific were worth $61,432,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. First Financial Bank Trust Division lifted its position in Union Pacific by 1.7% during the 1st quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator’s stock worth $662,000 after acquiring an additional 47 shares during the period. Stiles Financial Services Inc raised its stake in shares of Union Pacific by 1.6% during the first quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator’s stock worth $700,000 after purchasing an additional 48 shares during the last quarter. Avalon Trust Co lifted its holdings in shares of Union Pacific by 5.1% during the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator’s stock worth $237,000 after purchasing an additional 49 shares during the period. Mather Group LLC. lifted its holdings in shares of Union Pacific by 1.7% during the first quarter. Mather Group LLC. now owns 3,041 shares of the railroad operator’s stock worth $718,000 after purchasing an additional 50 shares during the period. Finally, Mystic Asset Management Inc. grew its position in Union Pacific by 2.2% in the 1st quarter. Mystic Asset Management Inc. now owns 2,359 shares of the railroad operator’s stock valued at $557,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley cut their price objective on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. BMO Capital Markets raised their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Royal Bank Of Canada increased their target price on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Susquehanna reduced their price target on Union Pacific from $260.00 to $257.00 and set a “positive” rating for the company in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.21.

Union Pacific Trading Up 1.0%

Shares of UNP opened at $227.4770 on Friday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $134.90 billion, a P/E ratio of 19.76, a PEG ratio of 2.21 and a beta of 1.05. The firm’s 50-day moving average is $226.99 and its two-hundred day moving average is $228.69.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.74 EPS. On average, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. Union Pacific’s dividend payout ratio (DPR) is presently 47.96%.

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.