Union Pacific Corporation $UNP Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 2.5% during the third quarter, HoldingsChannel.com reports. The fund owned 1,275,551 shares of the railroad operator’s stock after selling 32,112 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Union Pacific were worth $301,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UNP. Howard Hughes Medical Institute purchased a new position in Union Pacific during the 2nd quarter worth $30,000. Total Investment Management Inc. purchased a new position in Union Pacific during the second quarter worth about $31,000. Financial Gravity Companies Inc. acquired a new stake in Union Pacific in the second quarter valued at about $31,000. Access Investment Management LLC purchased a new stake in Union Pacific in the 2nd quarter valued at approximately $32,000. Finally, Sagard Holdings Management Inc. acquired a new position in Union Pacific during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.5%

Shares of Union Pacific stock opened at $260.55 on Friday. The business has a 50 day moving average price of $236.44 and a 200 day moving average price of $228.63. The company has a market capitalization of $154.61 billion, a P/E ratio of 21.77, a P/E/G ratio of 2.84 and a beta of 0.98. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.60. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $265.37.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $2.91 earnings per share. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s payout ratio is currently 46.12%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UNP. Barclays restated an “overweight” rating and issued a $285.00 price target (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Susquehanna reaffirmed a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. BMO Capital Markets set a $255.00 price target on shares of Union Pacific in a report on Wednesday, January 7th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. Finally, TD Cowen lowered their target price on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $258.32.

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.