Union Pacific Corporation $UNP Shares Sold by Coastline Trust Co

Coastline Trust Co decreased its position in Union Pacific Corporation (NYSE:UNP) by 1.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,515 shares of the railroad operator’s stock after selling 114 shares during the period. Coastline Trust Co’s holdings in Union Pacific were worth $1,729,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp raised its position in shares of Union Pacific by 2.0% during the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after purchasing an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Union Pacific by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after purchasing an additional 354,463 shares during the period. Royal Bank of Canada raised its position in Union Pacific by 1.7% during the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after buying an additional 86,292 shares during the period. Canada Pension Plan Investment Board raised its position in Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after buying an additional 452,788 shares during the period. Finally, Nuveen LLC acquired a new position in Union Pacific during the first quarter valued at $988,822,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Evercore ISI dropped their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Sanford C. Bernstein upped their target price on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. UBS Group upped their target price on Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $263.00 target price on shares of Union Pacific in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $260.00.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $235.14 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The firm has a market cap of $139.45 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.45 and a beta of 1.03. The business’s 50-day simple moving average is $222.73 and its 200-day simple moving average is $224.54. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.74 EPS. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $1.38 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. Union Pacific’s payout ratio is 47.96%.

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.