M&T Bank Corp lowered its position in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 1.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 540,446 shares of the railroad operator's stock after selling 5,393 shares during the period. M&T Bank Corp owned approximately 0.09% of Union Pacific worth $133,209,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Unigestion Holding SA increased its stake in Union Pacific by 510.7% during the 3rd quarter. Unigestion Holding SA now owns 55,239 shares of the railroad operator's stock worth $13,608,000 after buying an additional 46,194 shares during the period. TCW Group Inc. increased its position in shares of Union Pacific by 8.9% during the third quarter. TCW Group Inc. now owns 38,892 shares of the railroad operator's stock worth $9,586,000 after acquiring an additional 3,182 shares during the last quarter. Hohimer Wealth Management LLC lifted its stake in shares of Union Pacific by 12.2% in the third quarter. Hohimer Wealth Management LLC now owns 1,505 shares of the railroad operator's stock worth $371,000 after acquiring an additional 164 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Union Pacific by 0.6% in the third quarter. TD Private Client Wealth LLC now owns 19,642 shares of the railroad operator's stock worth $4,841,000 after acquiring an additional 121 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Union Pacific by 5.4% in the third quarter. Sunbelt Securities Inc. now owns 4,418 shares of the railroad operator's stock valued at $1,089,000 after purchasing an additional 225 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.
UNP has been the subject of several research analyst reports. Barclays increased their target price on Union Pacific from $275.00 to $285.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Benchmark reissued a "buy" rating and set a $266.00 price objective on shares of Union Pacific in a report on Friday, October 25th. BMO Capital Markets dropped their target price on shares of Union Pacific from $280.00 to $275.00 and set an "outperform" rating for the company in a research report on Friday, September 20th. Wells Fargo & Company reduced their price target on shares of Union Pacific from $270.00 to $255.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Finally, Susquehanna lowered their price objective on Union Pacific from $260.00 to $255.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Nine 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $259.80.
Check Out Our Latest Report on Union Pacific
Shares of NYSE UNP opened at $226.32 on Friday. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. The firm has a market cap of $137.21 billion, a P/E ratio of 20.78, a PEG ratio of 2.33 and a beta of 1.05. The stock has a fifty day moving average price of $237.26 and a two-hundred day moving average price of $238.23. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77.
Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the prior year, the business earned $2.51 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. Research analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.37%. The ex-dividend date is Monday, December 9th. Union Pacific's dividend payout ratio is presently 49.22%.
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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