Comerica Bank Reduces Position in Union Pacific Co. (NYSE:UNP)

Comerica Bank lowered its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 265,196 shares of the railroad operator's stock after selling 14,270 shares during the period. Comerica Bank's holdings in Union Pacific were worth $60,475,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Compass Financial Services Inc acquired a new position in shares of Union Pacific in the fourth quarter valued at approximately $25,000. Synergy Asset Management LLC acquired a new position in shares of Union Pacific in the fourth quarter worth $29,000. EnRich Financial Partners LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at $31,000. PrairieView Partners LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at $34,000. Finally, Strategic Investment Solutions Inc. IL grew its stake in Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Price Performance

UNP stock traded up $4.26 on Friday, reaching $218.34. 2,926,803 shares of the company's stock were exchanged, compared to its average volume of 2,591,076. The stock has a fifty day moving average of $228.61 and a 200-day moving average of $234.74. The firm has a market cap of $130.45 billion, a PE ratio of 19.69, a P/E/G ratio of 2.15 and a beta of 1.06. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a twelve month low of $204.66 and a twelve month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). The company had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $2.69 earnings per share. As a group, equities analysts predict that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, February 28th. Union Pacific's dividend payout ratio (DPR) is presently 48.29%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UNP. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Union Pacific in a research note on Friday, March 7th. They issued a "buy" rating and a $295.00 price target for the company. Guggenheim increased their target price on Union Pacific from $266.00 to $275.00 and gave the company a "buy" rating in a report on Friday, January 24th. Barclays cut their price target on Union Pacific from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Citigroup raised Union Pacific from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $260.00 to $244.00 in a research report on Tuesday, April 8th. Finally, TD Cowen raised their target price on Union Pacific from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and a consensus target price of $257.86.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.