Legacy Private Trust Co. Cuts Holdings in Union Pacific Co. (NYSE:UNP)

Legacy Private Trust Co. cut its position in shares of Union Pacific Co. (NYSE:UNP) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,782 shares of the railroad operator’s stock after selling 527 shares during the period. Union Pacific makes up about 0.8% of Legacy Private Trust Co.’s portfolio, making the stock its 27th biggest holding. Legacy Private Trust Co.’s holdings in Union Pacific were worth $12,264,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. World Investment Advisors LLC lifted its position in Union Pacific by 103.1% in the third quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator’s stock worth $8,770,000 after buying an additional 18,060 shares during the last quarter. Shellback Capital LP boosted its position in shares of Union Pacific by 28.2% during the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after buying an additional 4,400 shares during the period. Peoples Bank KS bought a new position in shares of Union Pacific during the third quarter valued at approximately $834,000. Maj Invest Holding A S raised its holdings in shares of Union Pacific by 0.3% in the third quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after buying an additional 2,202 shares during the period. Finally, Radnor Capital Management LLC bought a new stake in shares of Union Pacific during the 3rd quarter worth approximately $2,923,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

UNP traded up $1.04 during trading on Wednesday, reaching $231.58. 2,062,842 shares of the company’s stock were exchanged, compared to its average volume of 2,557,092. The company’s fifty day simple moving average is $234.82 and its 200-day simple moving average is $238.73. The stock has a market capitalization of $140.40 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $2.51 EPS. As a group, research analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Monday, December 9th. Union Pacific’s dividend payout ratio (DPR) is presently 49.22%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Bank of America reduced their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lowered their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada reduced their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Sanford C. Bernstein reduced their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Finally, BMO Capital Markets cut their price objective on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $260.30.

About Union Pacific

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.