Glenview Trust co Grows Position in Union Pacific Corporation $UNP

Glenview Trust co lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,338 shares of the railroad operator’s stock after purchasing an additional 3,771 shares during the quarter. Glenview Trust co’s holdings in Union Pacific were worth $31,369,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Union Pacific during the 2nd quarter valued at about $1,856,340,000. Laurel Wealth Advisors LLC boosted its stake in Union Pacific by 22,618.2% in the second quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock worth $603,876,000 after buying an additional 2,613,083 shares in the last quarter. Amundi boosted its stake in Union Pacific by 35.6% in the second quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock worth $1,134,236,000 after buying an additional 1,255,231 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd grew its position in Union Pacific by 3,536.2% during the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock valued at $232,767,000 after acquiring an additional 983,855 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Union Pacific by 32.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock worth $725,222,000 after acquiring an additional 778,411 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Up 1.5%

Shares of NYSE UNP opened at $235.12 on Thursday. The firm has a fifty day simple moving average of $226.29 and a two-hundred day simple moving average of $225.58. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $139.47 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.57 and a beta of 0.99.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the prior year, the firm earned $2.75 earnings per share. Union Pacific’s revenue was up 2.5% on a year-over-year basis. Equities analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio is currently 46.90%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Union Pacific in a research note on Thursday. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and upped their price target for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. Susquehanna reiterated a “positive” rating and issued a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Citigroup boosted their target price on Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $259.54.

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.