Union Pacific Corporation (NYSE:UNP) Position Increased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc grew its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 0.5% during the first quarter, Holdings Channel reports. The firm owned 248,695 shares of the railroad operator’s stock after acquiring an additional 1,236 shares during the quarter. Union Pacific comprises 1.2% of Pinnacle Financial Partners Inc’s portfolio, making the stock its 16th largest holding. Pinnacle Financial Partners Inc’s holdings in Union Pacific were worth $57,736,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Geode Capital Management LLC raised its stake in Union Pacific by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator’s stock worth $3,282,305,000 after acquiring an additional 1,616,895 shares during the period. Capital Research Global Investors raised its position in shares of Union Pacific by 14.3% during the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator’s stock worth $2,370,559,000 after purchasing an additional 1,298,178 shares during the period. Norges Bank acquired a new position in Union Pacific during the 4th quarter valued at approximately $1,927,377,000. Franklin Resources Inc. lifted its stake in Union Pacific by 5.0% in the fourth quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator’s stock valued at $1,752,804,000 after buying an additional 363,937 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Union Pacific by 15.2% during the fourth quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator’s stock valued at $1,587,763,000 after acquiring an additional 920,414 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Trading Up 0.1%

Shares of UNP opened at $235.70 on Wednesday. The business’s 50-day moving average price is $222.77 and its 200 day moving average price is $230.68. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $140.83 billion, a P/E ratio of 21.20, a P/E/G ratio of 2.31 and a beta of 1.05. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.69 earnings per share. Analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were issued a $1.34 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.27%. Union Pacific’s dividend payout ratio is 48.29%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UNP shares. Barclays dropped their price objective on shares of Union Pacific from $285.00 to $260.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. Redburn Atlantic raised Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 price target on the stock in a report on Wednesday, April 16th. Argus upgraded Union Pacific to a “strong-buy” rating in a research report on Friday, May 16th. Baird R W upgraded Union Pacific to a “hold” rating in a research report on Tuesday. Finally, Stephens cut their target price on Union Pacific from $275.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $256.91.

Union Pacific Company 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.