First Financial Bank Trust Division Purchases 128 Shares of Union Pacific Corporation $UNP

by · The Cerbat Gem

First Financial Bank Trust Division increased its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,931 shares of the railroad operator’s stock after acquiring an additional 128 shares during the period. First Financial Bank Trust Division’s holdings in Union Pacific were worth $674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp grew its position in Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after acquiring an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after acquiring an additional 354,463 shares in the last quarter. Royal Bank of Canada grew its position in Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after acquiring an additional 86,292 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Union Pacific by 35.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator’s stock worth $1,133,053,000 after acquiring an additional 1,294,643 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after acquiring an additional 452,788 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.6%

Shares of NYSE UNP opened at $214.73 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The firm has a market capitalization of $127.34 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.10 and a beta of 1.03. The stock has a 50 day moving average price of $224.46 and a 200 day moving average price of $226.06. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84.

Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion during 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%.Union Pacific’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.74 earnings per share. Sell-side analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $1.38 dividend. 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 dividend yield of 2.6%. Union Pacific’s dividend payout ratio (DPR) is presently 47.96%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UNP shares. UBS Group lifted their price target on Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded Union Pacific from a “hold” rating to a “buy” rating and lifted their price target for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Evercore ISI dropped their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research report on Friday, July 25th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Finally, Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $258.21.

Read Our Latest Analysis on UNP

About Union Pacific

(Free Report)

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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