Parkside Financial Bank & Trust Cuts Stock Holdings in Union Pacific Co. (NYSE:UNP)

Parkside Financial Bank & Trust lowered its stake in Union Pacific Co. (NYSE:UNP) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,394 shares of the railroad operator’s stock after selling 75 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Union Pacific were worth $1,002,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Union Pacific by 0.9% during the 3rd quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock valued at $6,109,829,000 after buying an additional 217,780 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Union Pacific by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock worth $3,146,451,000 after purchasing an additional 182,620 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Union Pacific by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock worth $1,795,993,000 after acquiring an additional 625,492 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Union Pacific by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock worth $1,549,271,000 after acquiring an additional 143,896 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Union Pacific by 0.6% during the 3rd quarter. FMR LLC now owns 5,020,107 shares of the railroad operator’s stock worth $1,237,356,000 after acquiring an additional 31,899 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.1 %

Shares of NYSE UNP opened at $245.12 on Friday. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.07. The company has a market cap of $148.12 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.15 and a beta of 1.06. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a fifty day moving average price of $239.05 and a 200 day moving average price of $240.86.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, beating the consensus estimate 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 prior year, the firm earned $2.71 earnings per share. Research analysts anticipate that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $1.34 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a yield of 2.19%. Union Pacific’s dividend payout ratio is currently 48.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UNP shares. TD Cowen boosted their target price on Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Guggenheim increased their price target on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Stifel Nicolaus increased their price target on Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Benchmark upped their price objective on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Raymond James restated a “strong-buy” rating and set a $285.00 price objective (up from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $261.40.

Insider Activity

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

Union Pacific Company 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.