First Nebraska Trust Co Purchases Shares of 59,415 Union Pacific Corporation $UNP

First Nebraska Trust Co purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,415 shares of the railroad operator’s stock, valued at approximately $16,161,000. Union Pacific makes up about 1.3% of First Nebraska Trust Co’s portfolio, making the stock its 17th biggest holding.

A number of other hedge funds have also recently made changes to their positions in UNP. Vanguard Group Inc. grew its holdings in shares of Union Pacific by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock valued at $13,724,045,000 after purchasing an additional 659,378 shares during the last quarter. State Street Corp lifted its stake in Union Pacific by 4.3% in the fourth quarter. State Street Corp now owns 26,330,080 shares of the railroad operator’s stock worth $6,090,674,000 after purchasing an additional 1,082,285 shares during the last quarter. Capital World Investors boosted its position in Union Pacific by 92.1% during the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock valued at $4,658,142,000 after buying an additional 9,655,306 shares during the period. Geode Capital Management LLC boosted its position in Union Pacific by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock valued at $3,552,550,000 after buying an additional 296,814 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Union Pacific by 16.8% during the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock valued at $3,509,030,000 after buying an additional 2,084,808 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on UNP shares. Citizens Jmp initiated coverage on Union Pacific in a report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 price objective on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $339.00 price target (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Stephens upgraded Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $307.97 on Friday. The company has a market cap of $182.96 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96. The company has a 50-day moving average price of $286.30 and a 200-day moving average price of $267.60. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. The company had revenue of $6.86 billion during 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%. Union Pacific’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.03 earnings per share. As a group, equities analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.8%. Union Pacific’s dividend payout ratio (DPR) is 44.70%.

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.