Midwest Trust Co Has $77.58 Million Stock Position in Union Pacific Corporation $UNP

Midwest Trust Co lowered its stake in Union Pacific Corporation (NYSE:UNP) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 285,214 shares of the railroad operator’s stock after selling 2,010 shares during the period. Midwest Trust Co’s holdings in Union Pacific were worth $77,578,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new stake in Union Pacific during the fourth quarter worth about $25,000. Tucker Asset Management LLC bought a new position in Union Pacific in the 4th quarter valued at about $25,000. SWAN Capital LLC raised its position in shares of Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after buying an additional 103 shares in the last quarter. High Point Wealth Management LLC bought a new stake in shares of Union Pacific during the 4th quarter worth approximately $26,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Union Pacific during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP stock opened at $293.57 on Monday. The stock has a market cap of $174.40 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 3.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The company has a 50 day simple moving average of $283.00 and a 200 day simple moving average of $265.37. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $3.03 earnings per share. Research analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a $1.42 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio is 44.70%.

Insider Activity at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UNP shares. Stephens raised shares of Union Pacific to a “strong-buy” rating in a research note on Wednesday, July 8th. Bank of America upped their target price on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. UBS Group reiterated a “neutral” rating and issued a $310.00 price target (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Wells Fargo & Company reissued an “overweight” rating and set a $335.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, TD Cowen restated a “buy” rating and set a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.89.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.