Synovus Financial Corp Has $9.79 Million Holdings in Union Pacific Corporation $UNP

Synovus Financial Corp raised its position in Union Pacific Corporation (NYSE:UNP) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,394 shares of the railroad operator’s stock after purchasing an additional 3,906 shares during the quarter. Synovus Financial Corp’s holdings in Union Pacific were worth $9,785,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Howard Capital Management Group LLC grew its stake in shares of Union Pacific by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock worth $532,000 after acquiring an additional 45 shares in the last quarter. St. Johns Investment Management Company LLC boosted its holdings in Union Pacific by 1.6% during the second quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock worth $693,000 after purchasing an additional 46 shares during the last quarter. Hanson & Doremus Investment Management grew its position in Union Pacific by 2.5% in the third quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock valued at $444,000 after purchasing an additional 46 shares in the last quarter. Silver Oak Securities Incorporated grew its position in Union Pacific by 4.5% in the third quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator’s stock valued at $252,000 after purchasing an additional 46 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. increased its stake in Union Pacific by 0.7% in the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 6,729 shares of the railroad operator’s stock valued at $1,591,000 after buying an additional 47 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Weiss Ratings raised Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. TD Cowen cut their price objective on Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. BMO Capital Markets set a $255.00 target price on shares of Union Pacific in a research note on Wednesday, January 7th. Finally, Barclays reaffirmed an “overweight” rating and set a $285.00 price target (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $258.32.

Union Pacific Stock Up 0.7%

UNP opened at $264.67 on Thursday. The stock’s fifty day simple moving average is $238.15 and its 200 day simple moving average is $229.47. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $265.37. The stock has a market cap of $157.05 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64.

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

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s dividend payout ratio is currently 46.12%.

Union Pacific 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.