Capital City Trust Co. FL Has $4.61 Million Stock Position in Union Pacific Corporation $UNP

Capital City Trust Co. FL lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 0.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,027 shares of the railroad operator’s stock after buying an additional 50 shares during the period. Union Pacific comprises about 1.2% of Capital City Trust Co. FL’s portfolio, making the stock its 27th biggest holding. Capital City Trust Co. FL’s holdings in Union Pacific were worth $4,608,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UNP. Northern Trust Corp grew its position in Union Pacific by 2.0% during the 1st 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 during the last quarter. Price T Rowe Associates Inc. MD grew its position in Union Pacific by 5.4% during the 1st 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 during the last quarter. Royal Bank of Canada grew its position in Union Pacific by 1.7% during the 1st 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 during the last quarter. Canada Pension Plan Investment Board grew its position in Union Pacific by 10.8% during the 1st 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 during the last quarter. Finally, Nuveen LLC bought a new stake in Union Pacific during the 1st quarter worth $988,822,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Up 0.9%

Shares of Union Pacific stock opened at $236.60 on Friday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The stock’s 50-day moving average is $223.67 and its 200 day moving average is $224.51. The firm has a market cap of $140.33 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.47 and a beta of 1.07.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the prior year, the company earned $2.74 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio is currently 47.96%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UNP. Wells Fargo & Company boosted their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Susquehanna restated a “positive” rating and set a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Morgan Stanley decreased their price target on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $250.00 to $251.00 in a research report on Monday, September 15th. Finally, Robert W. Baird assumed coverage on Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $260.54.

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.