Union Pacific Corporation $UNP Shares Sold by Comerica Bank

Comerica Bank lowered its position in Union Pacific Corporation (NYSE:UNP) by 12.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 224,891 shares of the railroad operator’s stock after selling 31,558 shares during the period. Comerica Bank’s holdings in Union Pacific were worth $53,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Caitlin John LLC acquired a new stake in Union Pacific during the 3rd quarter worth about $27,000. Howard Hughes Medical Institute acquired a new position in shares of Union Pacific in the 2nd quarter valued at about $30,000. Total Investment Management Inc. acquired a new position in shares of Union Pacific in the 2nd quarter valued at about $31,000. Financial Gravity Companies Inc. purchased a new stake in shares of Union Pacific in the second quarter worth about $31,000. Finally, Sagard Holdings Management Inc. purchased a new stake in shares of Union Pacific in the second quarter worth about $33,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

NYSE UNP opened at $242.22 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. The stock’s 50 day simple moving average is $246.47 and its 200-day simple moving average is $233.74. The company has a market cap of $143.73 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.66 and a beta of 0.95. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $268.14.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.91 EPS. As a group, equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s dividend payout ratio is 46.12%.

Analysts Set New Price Targets

A number of brokerages have recently commented on UNP. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Union Pacific in a research note on Thursday, December 11th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $267.00 target price on shares of Union Pacific in a research note on Tuesday, January 27th. Susquehanna restated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. JPMorgan Chase & Co. cut their price objective on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Finally, Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $263.77.

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.