Arvest Bank Trust Division Lowers Stock Position in Union Pacific Corporation $UNP

Arvest Bank Trust Division trimmed its holdings in Union Pacific Corporation (NYSE:UNP) by 69.2% during the first quarter, HoldingsChannel.com reports. The fund owned 19,355 shares of the railroad operator’s stock after selling 43,434 shares during the period. Arvest Bank Trust Division’s holdings in Union Pacific were worth $4,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Union Pacific by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock worth $13,724,045,000 after purchasing an additional 659,378 shares during the last quarter. State Street Corp increased its stake in Union Pacific by 4.3% in the fourth quarter. State Street Corp now owns 26,330,080 shares of the railroad operator’s stock valued at $6,090,674,000 after purchasing an additional 1,082,285 shares during the period. Capital World Investors raised its holdings in shares of Union Pacific by 92.1% in the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock valued at $4,658,142,000 after buying an additional 9,655,306 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Union Pacific by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock valued at $3,552,550,000 after buying an additional 296,814 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Union Pacific by 5.0% during the fourth quarter. Morgan Stanley now owns 12,636,050 shares of the railroad operator’s stock worth $2,922,971,000 after buying an additional 602,647 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling at Union Pacific

In other news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 32,378 shares of company stock worth $8,781,595. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UNP shares. Evercore reissued an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. UBS Group reaffirmed a “neutral” rating and set a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. Stephens raised Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Benchmark reiterated a “buy” rating and issued a $325.00 target price (up from $300.00) on shares of Union Pacific in a research note on Wednesday, July 15th. Finally, Citizens Jmp began coverage on Union Pacific in a report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $299.11.

Union Pacific Trading Down 1.1%

Shares of UNP stock opened at $293.07 on Wednesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $303.15. The firm has a market capitalization of $174.00 billion, a PE ratio of 24.14, a P/E/G ratio of 3.10 and a beta of 0.96. The business’s fifty day moving average price is $273.12 and its 200 day moving average price is $257.03.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating 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 firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter last year, the business earned $2.70 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Union Pacific Corporation will post 12.62 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were given a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.

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.