Union Pacific Corporation $UNP Shares Sold by Glenview Trust Co

Glenview Trust Co cut its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 132,850 shares of the railroad operator’s stock after selling 1,996 shares during the period. Glenview Trust Co’s holdings in Union Pacific were worth $30,731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. New Age Alpha Advisors LLC grew its position in shares of Union Pacific by 2,557.1% during the 4th quarter. New Age Alpha Advisors LLC now owns 4,145 shares of the railroad operator’s stock valued at $959,000 after acquiring an additional 3,989 shares during the period. Allen Capital Group LLC grew its position in shares of Union Pacific by 4.9% during the 4th quarter. Allen Capital Group LLC now owns 7,252 shares of the railroad operator’s stock valued at $1,678,000 after acquiring an additional 336 shares during the period. Wealthquest Corp acquired a new stake in shares of Union Pacific during the 4th quarter valued at about $247,000. First National Trust Co grew its position in shares of Union Pacific by 0.8% during the 4th quarter. First National Trust Co now owns 39,759 shares of the railroad operator’s stock valued at $9,197,000 after acquiring an additional 326 shares during the period. Finally, Praxis Capital Management LLC acquired a new stake in shares of Union Pacific during the 4th quarter valued at about $725,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Down 0.1%

UNP opened at $265.65 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The company’s 50 day simple moving average is $253.79 and its two-hundred day simple moving average is $243.99. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $276.40. The firm has a market capitalization of $157.72 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same period last year, the company posted $2.70 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Analysts expect that Union Pacific Corporation will post 12.53 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is 45.47%.

Insiders Place Their Bets

In other Union Pacific news, EVP Eric J. Gehringer sold 1,999 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $234.93, for a total value of $469,625.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the transaction, the chief financial officer directly owned 114,642 shares in the company, valued at $31,492,157.40. This trade represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,386 shares of company stock valued at $8,461,716 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on UNP. The Goldman Sachs Group restated a “neutral” rating and set a $267.00 target price on shares of Union Pacific in a research report on Tuesday, January 27th. Robert W. Baird set a $311.00 price objective on Union Pacific and gave the stock an “outperform” rating in a report on Friday, March 6th. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Sanford C. Bernstein lifted their price objective on Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Finally, Raymond James Financial set a $310.00 price objective on Union Pacific in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.47.

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.