UMB Bank n.a. Has $26.28 Million Stake in Union Pacific Corporation $UNP

UMB Bank n.a. trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,216 shares of the railroad operator’s stock after selling 730 shares during the period. UMB Bank n.a.’s holdings in Union Pacific were worth $26,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after purchasing an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after purchasing an additional 354,463 shares during the last quarter. Royal Bank of Canada grew its position in shares of Union Pacific by 1.7% in 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 purchasing an additional 86,292 shares during the last quarter. Canada Pension Plan Investment Board grew 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 worth $1,092,893,000 after buying an additional 452,788 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Union Pacific during the first quarter worth approximately $988,822,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $263.00 price target on shares of Union Pacific in a research note on Monday, June 2nd. Susquehanna lowered their price target on shares of Union Pacific from $260.00 to $257.00 and set a “positive” rating on the stock in a report on Wednesday, July 30th. Sanford C. Bernstein boosted their price target on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Morgan Stanley cut their target price on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Finally, UBS Group boosted their price target on shares of Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $259.38.

Union Pacific Stock Performance

Union Pacific stock opened at $220.86 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average of $222.66 and a 200-day moving average of $225.13. The firm has a market cap of $130.98 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.14 and a beta of 1.03. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84.

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

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. Union Pacific’s payout ratio is currently 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.