Union Pacific Corporation $UNP Stock Holdings Cut by BTC Capital Management Inc.

BTC Capital Management Inc. decreased its holdings in Union Pacific Corporation (NYSE:UNP) by 3.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,064 shares of the railroad operator’s stock after selling 67 shares during the quarter. BTC Capital Management Inc.’s holdings in Union Pacific were worth $475,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Pines Wealth Management LLC lifted its position in Union Pacific by 1.7% in the 2nd quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after buying an additional 43 shares in the last quarter. Titleist Asset Management LLC raised its holdings in shares of Union Pacific by 1.1% during the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after acquiring an additional 44 shares in the last quarter. First Financial Bank Trust Division boosted its position in Union Pacific by 1.7% during the first quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator’s stock valued at $662,000 after purchasing an additional 47 shares during the last quarter. Stiles Financial Services Inc grew its stake in Union Pacific by 1.6% in the first quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator’s stock valued at $700,000 after purchasing an additional 48 shares in the last quarter. Finally, Avalon Trust Co increased its position in Union Pacific by 5.1% in the 1st 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 last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Union Pacific stock opened at $220.86 on Monday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a market cap of $130.98 billion, a PE ratio of 19.19, a PEG ratio of 2.14 and a beta of 1.03. 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 company’s 50-day moving average is $222.66 and its two-hundred day moving average is $224.87.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.74 EPS. Equities analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current 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 paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.5%. Union Pacific’s payout ratio is currently 47.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Baird R W raised shares of Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Finally, Wells Fargo & Company lifted their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $259.38.

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.