Pinnacle Financial Partners Inc Trims Stake in Union Pacific Corporation $UNP

Pinnacle Financial Partners Inc reduced its stake in Union Pacific Corporation (NYSE:UNP) by 37.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 125,810 shares of the railroad operator’s stock after selling 75,137 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Union Pacific were worth $29,738,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Professional Financial Advisors LLC raised its stake in shares of Union Pacific by 0.7% in the third quarter. Professional Financial Advisors LLC now owns 19,260 shares of the railroad operator’s stock worth $4,552,000 after buying an additional 143 shares during the period. 4WEALTH Advisors Inc. bought a new position in shares of Union Pacific during the 3rd quarter valued at approximately $315,000. Peoples Financial Services CORP. increased its holdings in Union Pacific by 9.1% in the 3rd quarter. Peoples Financial Services CORP. now owns 3,056 shares of the railroad operator’s stock worth $722,000 after acquiring an additional 256 shares in the last quarter. Community Bank & Trust Waco Texas raised its stake in Union Pacific by 0.3% during the 3rd quarter. Community Bank & Trust Waco Texas now owns 23,828 shares of the railroad operator’s stock worth $5,632,000 after acquiring an additional 82 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in Union Pacific by 23.0% during the third quarter. Ritholtz Wealth Management now owns 32,860 shares of the railroad operator’s stock valued at $7,767,000 after purchasing an additional 6,153 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on UNP. Barclays reiterated an “overweight” rating and issued a $285.00 price target (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. Citigroup set a $264.00 target price on shares of Union Pacific and gave the stock a “buy” rating in a report on Thursday, January 8th. UBS Group set a $253.00 price target on Union Pacific and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $259.58.

Union Pacific Trading Down 0.3%

Shares of Union Pacific stock opened at $229.75 on Friday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. The business has a 50-day moving average price of $230.72 and a 200-day moving average price of $227.21. The firm has a market cap of $136.28 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.66 and a beta of 0.99.

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

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, December 5th. Union Pacific’s dividend payout ratio is currently 46.90%.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.