1ST Source Bank Sells 156 Shares of Union Pacific Co. (NYSE:UNP)

1ST Source Bank cut its position in shares of Union Pacific Co. (NYSE:UNP) by 2.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,096 shares of the railroad operator’s stock after selling 156 shares during the period. 1ST Source Bank’s holdings in Union Pacific were worth $1,618,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UNP. Howard Capital Management Group LLC grew its stake in Union Pacific by 16.4% in the third quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator’s stock valued at $705,000 after purchasing an additional 403 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Union Pacific in the third quarter valued at approximately $235,000. Accredited Investors Inc. bought a new position in Union Pacific in the third quarter valued at approximately $208,000. Schear Investment Advisers LLC grew its stake in Union Pacific by 8.7% in the third quarter. Schear Investment Advisers LLC now owns 7,372 shares of the railroad operator’s stock valued at $1,817,000 after purchasing an additional 587 shares in the last quarter. Finally, GoalVest Advisory LLC bought a new position in Union Pacific in the third quarter valued at approximately $55,000. 80.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UNP has been the subject of a number of analyst reports. Robert W. Baird raised their price target on Union Pacific from $260.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. TD Cowen lifted their target price on Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Stifel Nicolaus lifted their target price on Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company reduced their target price on Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Loop Capital downgraded Union Pacific from a “hold” rating to a “sell” rating and reduced their target price for the stock from $265.00 to $200.00 in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $263.00.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the sale, the president now owns 64,960 shares in the company, valued at $16,240,000. The trade was a 10.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Craig V. Richardson sold 6,495 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $252.00, for a total value of $1,636,740.00. Following the sale, the executive vice president now owns 26,319 shares in the company, valued at $6,632,388. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Union Pacific Price Performance

Shares of NYSE UNP opened at $237.71 on Monday. The stock has a market capitalization of $143.65 billion, a PE ratio of 21.43, a P/E/G ratio of 2.15 and a beta of 1.05. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. The business has a fifty day moving average price of $242.05 and a two-hundred day moving average price of $240.62. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.07.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same quarter in the previous year, the company posted $2.71 earnings per share. As a group, equities analysts predict that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $1.34 per share. The ex-dividend date is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.25%. Union Pacific’s dividend payout ratio (DPR) is currently 48.33%.

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.