CHICAGO TRUST Co NA Cuts Holdings in Union Pacific Corporation $UNP

CHICAGO TRUST Co NA decreased its holdings in Union Pacific Corporation (NYSE:UNP) by 16.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of UNP. Tucker Asset Management LLC purchased a new stake in shares of Union Pacific during the fourth quarter valued at $25,000. SWAN Capital LLC raised its position in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after buying an additional 103 shares during the last quarter. Rachor Investment Advisory Services LLC bought a new position in Union Pacific during the 4th quarter valued at about $25,000. Saranac Partners Ltd bought a new position in Union Pacific during the 3rd quarter valued at about $27,000. Finally, High Point Wealth Management LLC bought a new position in Union Pacific during the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on UNP shares. JPMorgan Chase & Co. lifted their price target on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Susquehanna restated a “positive” rating and issued a $305.00 target price on shares of Union Pacific in a report on Friday, June 5th. Benchmark lifted their target price on shares of Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. BMO Capital Markets reissued a “market perform” rating and set a $285.00 price target (up from $278.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, Raymond James Financial set a $310.00 price target on Union Pacific in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $283.11.

Insider Activity at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the sale, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 32,378 shares of company stock worth $8,781,595. Corporate insiders own 0.22% of the company’s stock.

Union Pacific Stock Up 2.1%

UNP opened at $277.79 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $279.70. The company has a market capitalization of $164.93 billion, a PE ratio of 22.88, a PEG ratio of 2.86 and a beta of 0.96. The firm’s 50 day simple moving average is $266.41 and its two-hundred day simple moving average is $251.76.

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

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were given a dividend of $1.38 per share. The ex-dividend date was Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 2.0%. Union Pacific’s payout ratio is 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.