Union Pacific Corporation $UNP Shares Bought by Glenview Trust Co

Glenview Trust Co raised its holdings in Union Pacific Corporation (NYSE:UNP) by 2.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136,268 shares of the railroad operator’s stock after buying an additional 3,418 shares during the quarter. Glenview Trust Co’s holdings in Union Pacific were worth $33,061,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UNP. Vanguard Group Inc. increased its holdings in shares of Union Pacific by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock valued at $13,724,045,000 after acquiring an additional 659,378 shares in the last quarter. State Street Corp boosted its stake in Union Pacific by 4.3% in the 4th 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 in the last quarter. Capital World Investors boosted its stake in Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after purchasing an additional 9,655,306 shares in the last quarter. Geode Capital Management LLC grew its position in Union Pacific by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock worth $3,552,550,000 after purchasing an additional 296,814 shares during the last quarter. Finally, Morgan Stanley grew its position in Union Pacific by 5.0% during the 4th quarter. Morgan Stanley now owns 12,636,050 shares of the railroad operator’s stock worth $2,922,971,000 after purchasing an additional 602,647 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Down 1.8%

NYSE UNP opened at $296.35 on Tuesday. The company has a market capitalization of $175.94 billion, a PE ratio of 24.41, a P/E/G ratio of 3.16 and a beta of 0.96. The company has a fifty day moving average of $272.58 and a 200 day moving average of $256.60. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $303.15. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating the consensus estimate of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.70 earnings per share. Research analysts forecast that Union Pacific Corporation will post 12.62 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio is presently 45.47%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UNP shares. Susquehanna raised their price target on shares of Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. BMO Capital Markets reissued a “market perform” rating and issued a $285.00 target price (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. Stephens upgraded Union Pacific to a “strong-buy” rating in a research note on Wednesday, July 8th. Weiss Ratings cut Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, Benchmark reiterated a “buy” rating and set a $325.00 price target (up from $300.00) on shares of Union Pacific in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $299.11.

Insider Transactions at Union Pacific

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the transaction, the executive vice president directly owned 61,102 shares in the company, valued at approximately $16,605,079.52. This trade represents a 30.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,378 shares of company stock worth $8,781,595 over the last quarter. 0.22% of the stock is currently owned by insiders.

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.