Cullen Frost Bankers Inc. Reduces Holdings in Union Pacific Corporation $UNP

Cullen Frost Bankers Inc. reduced its position in Union Pacific Corporation (NYSE:UNP) by 34.0% in the 3rd quarter, Holdings Channel reports. The firm owned 114,811 shares of the railroad operator’s stock after selling 59,023 shares during the period. Cullen Frost Bankers Inc.’s holdings in Union Pacific were worth $27,138,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. BMO Capital Markets set a $255.00 target price on Union Pacific in a research note on Wednesday, January 7th. The Goldman Sachs Group set a $263.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Susquehanna restated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. TD Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Finally, Barclays reiterated an “overweight” rating and issued a $285.00 price objective (up previously from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $258.18.

Union Pacific Stock Down 0.7%

Shares of NYSE UNP opened at $229.67 on Friday. The firm’s 50-day moving average is $231.23 and its two-hundred day moving average is $226.87. The company has a market capitalization of $136.23 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60.

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

Union Pacific Dividend Announcement

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

About Union Pacific

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.