Bank of New York Mellon Corp Sells 703,471 Shares of Union Pacific Corporation $UNP

Bank of New York Mellon Corp lowered its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 15.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,740,377 shares of the railroad operator’s stock after selling 703,471 shares during the period. Bank of New York Mellon Corp’s holdings in Union Pacific were worth $865,224,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC acquired a new stake in Union Pacific in the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new position in Union Pacific in the 4th quarter worth about $25,000. High Point Wealth Management LLC bought a new position in Union Pacific in the fourth quarter valued at about $26,000. Caitlin John LLC bought a new position in Union Pacific in the third quarter valued at about $27,000. Finally, Saranac Partners Ltd bought a new stake in shares of Union Pacific during the third quarter worth about $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein raised their price objective on shares of Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Wells Fargo & Company restated an “overweight” rating and issued a $300.00 price target (up from $260.00) on shares of Union Pacific in a research report on Friday, April 24th. TD Cowen lifted their price target on shares of Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Barclays restated an “overweight” rating and issued a $315.00 price objective (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $285.00 target price (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $280.47.

Union Pacific Trading Down 0.7%

NYSE:UNP opened at $262.87 on Thursday. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $279.70. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The firm’s fifty day moving average is $258.23 and its 200-day moving average is $246.56. The firm has a market cap of $156.07 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.81 and a beta of 0.97.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. Union Pacific’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.70 earnings per share. Equities analysts expect that Union Pacific Corporation will post 12.53 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid 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, May 29th. Union Pacific’s payout ratio is currently 45.47%.

Insider Activity

In other Union Pacific news, EVP Eric J. Gehringer sold 1,999 shares of Union Pacific stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.93, for a total value of $469,625.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the transaction, the chief financial officer directly owned 114,642 shares in the company, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,386 shares of company stock valued at $8,461,716 in the last ninety days. 0.22% of the stock is owned by company insiders.

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.