CHICAGO TRUST Co NA Sells 2,816 Shares of Union Pacific Corporation $UNP

CHICAGO TRUST Co NA trimmed its position in shares of Union Pacific Corporation (NYSE:UNP) by 16.5% during the 1st quarter, Holdings Channel reports. The firm owned 14,229 shares of the railroad operator’s stock after selling 2,816 shares during the period. CHICAGO TRUST Co NA’s holdings in Union Pacific were worth $3,452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UNP. Semus Wealth Partners LLC purchased a new position in shares of Union Pacific during the 1st quarter valued at $221,000. Cane Capital Partners LLC increased its stake in Union Pacific by 1.2% in the 1st quarter. Cane Capital Partners LLC now owns 5,404 shares of the railroad operator’s stock worth $1,311,000 after buying an additional 62 shares in the last quarter. IFM Investors Pty Ltd increased its stake in Union Pacific by 6.4% in the 1st quarter. IFM Investors Pty Ltd now owns 159,654 shares of the railroad operator’s stock worth $38,735,000 after buying an additional 9,623 shares in the last quarter. Rexford Capital Inc. raised its holdings in Union Pacific by 23.5% during the first quarter. Rexford Capital Inc. now owns 3,089 shares of the railroad operator’s stock valued at $749,000 after acquiring an additional 588 shares during the period. Finally, Severin Investments LLC raised its holdings in Union Pacific by 225.8% during the first quarter. Severin Investments LLC now owns 5,138 shares of the railroad operator’s stock valued at $1,247,000 after acquiring an additional 3,561 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,378 shares of company stock valued at $8,781,595 in the last quarter. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays reaffirmed an “overweight” rating and issued a $315.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. UBS Group reissued a “neutral” rating and set a $274.00 target price (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. Wells Fargo & Company reissued an “overweight” rating and issued a $300.00 price target (up from $260.00) on shares of Union Pacific in a report on Friday, April 24th. Raymond James Financial set a $310.00 price target on Union Pacific in a research note on Friday, April 24th. Finally, Susquehanna reaffirmed a “positive” rating and set a $305.00 price objective on shares of Union Pacific in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $283.11.

Union Pacific Trading Up 2.1%

Shares of Union Pacific stock opened at $277.79 on Thursday. The firm has a market cap of $164.93 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 2.86 and a beta of 0.96. The business has a 50-day moving average price of $266.41 and a 200-day moving average price of $251.76. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $279.70.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.07. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 earnings per share. Equities research analysts anticipate that Union Pacific Corporation will post 12.55 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.

Union Pacific 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.