Bremer Bank National Association lessened its stake in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,082 shares of the railroad operator’s stock after selling 506 shares during the quarter. Bremer Bank National Association’s holdings in Union Pacific were worth $3,895,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Traveka Wealth LLC increased its position in shares of Union Pacific by 3.4% during the third quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock worth $335,000 after acquiring an additional 45 shares during the last quarter. Red Mountain Financial LLC lifted its stake in shares of Union Pacific by 2.0% in the third quarter. Red Mountain Financial LLC now owns 2,276 shares of the railroad operator’s stock worth $561,000 after acquiring an additional 45 shares in the last quarter. Roble Belko & Company Inc lifted its stake in shares of Union Pacific by 26.8% in the fourth quarter. Roble Belko & Company Inc now owns 213 shares of the railroad operator’s stock worth $49,000 after acquiring an additional 45 shares in the last quarter. True Link Financial Advisors LLC lifted its stake in shares of Union Pacific by 1.2% in the third quarter. True Link Financial Advisors LLC now owns 4,016 shares of the railroad operator’s stock worth $990,000 after acquiring an additional 47 shares in the last quarter. Finally, Dakota Community Bank & Trust NA lifted its stake in shares of Union Pacific by 2.8% in the fourth quarter. Dakota Community Bank & Trust NA now owns 1,786 shares of the railroad operator’s stock worth $407,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
Union Pacific Stock Performance
Shares of UNP stock opened at $233.99 on Monday. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66. The firm has a market capitalization of $141.86 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06. The business has a 50 day simple moving average of $233.83 and a 200 day simple moving average of $238.95. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63.
Union Pacific Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Monday, December 9th. Union Pacific’s payout ratio is currently 49.22%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Sanford C. Bernstein cut their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada cut their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company cut their price objective on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Barclays upped their price objective on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Bank of America cut their price objective on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $259.35.
Check Out Our Latest Report on Union Pacific
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.
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