Union Pacific Co. (NYSE:UNP) Shares Purchased by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO boosted its stake in Union Pacific Co. (NYSE:UNP) by 11.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 672 shares of the railroad operator’s stock after buying an additional 67 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in Union Pacific were worth $165,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Union Pacific in the 4th quarter valued at about $1,832,127,000. Capital Research Global Investors lifted its stake in shares of Union Pacific by 23.1% during the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock valued at $1,682,931,000 after buying an additional 1,285,144 shares during the period. Winslow Capital Management LLC acquired a new stake in Union Pacific during the fourth quarter worth approximately $293,162,000. The Manufacturers Life Insurance Company grew its stake in Union Pacific by 65.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,348,496 shares of the railroad operator’s stock worth $478,224,000 after acquiring an additional 929,495 shares during the period. Finally, Cerity Partners LLC raised its holdings in Union Pacific by 331.7% in the 4th quarter. Cerity Partners LLC now owns 1,143,298 shares of the railroad operator’s stock valued at $280,817,000 after acquiring an additional 878,490 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Up 1.3 %

NYSE:UNP traded up $2.80 during trading hours on Friday, hitting $226.27. The stock had a trading volume of 3,492,609 shares, compared to its average volume of 2,315,245. The business has a 50 day simple moving average of $233.55 and a two-hundred day simple moving average of $240.40. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The company has a market cap of $138.05 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.19. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.67 EPS. Analysts predict that Union Pacific Co. will post 11.25 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.30%. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Jefferies Financial Group started coverage on Union Pacific in a research report on Monday, April 8th. They issued a “hold” rating and a $250.00 price objective for the company. Morgan Stanley upped their price objective on shares of Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Wells Fargo & Company began coverage on shares of Union Pacific in a research report on Friday, June 7th. They issued an “overweight” rating and a $270.00 target price on the stock. TD Cowen upped their price target on shares of Union Pacific from $252.00 to $258.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $280.00 price target (up previously from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $258.92.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.