Lcnb Corp Makes New $355,000 Investment in Union Pacific Corporation (NYSE:UNP)

Key Points

• Lcnb Corp has purchased 1,504 shares of Union Pacific Corporation (NYSE:UNP), valued at approximately $355,000, according to its recent 13F filing.
• Union Pacific reported $3.03 earnings per share, exceeding estimates, with revenue of $6.15 billion for the most recent quarter, indicating a 2.4% increase from the previous year.
• The company has announced a quarterly dividend increase to $1.38, reflecting a 2.5% annualized yield and a payout ratio of 46.57%.

Lcnb Corp bought a new position in Union Pacific Corporation (NYSE:UNP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,504 shares of the railroad operator's stock, valued at approximately $355,000.

A number of other large investors have also bought and sold shares of UNP. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Union Pacific in the first quarter valued at $11,161,000. Zions Bancorporation National Association UT bought a new stake in shares of Union Pacific in the 1st quarter valued at about $5,226,000. Townsquare Capital LLC increased its holdings in Union Pacific by 71.6% during the 1st quarter. Townsquare Capital LLC now owns 41,645 shares of the railroad operator's stock valued at $9,838,000 after purchasing an additional 17,370 shares during the period. Founders Financial Alliance LLC increased its holdings in Union Pacific by 17.5% during the 1st quarter. Founders Financial Alliance LLC now owns 2,939 shares of the railroad operator's stock valued at $695,000 after purchasing an additional 438 shares during the period. Finally, Everett Harris & Co. CA grew its stake in Union Pacific by 4.3% in the first quarter. Everett Harris & Co. CA now owns 67,225 shares of the railroad operator's stock worth $15,881,000 after purchasing an additional 2,753 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UNP. The Goldman Sachs Group restated a "neutral" rating and issued a $263.00 price target on shares of Union Pacific in a research note on Monday, June 2nd. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. Baird R W upgraded Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Argus downgraded Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Bank of America raised their price target on Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Stock Up 1.7%

NYSE UNP traded up $3.83 during trading hours on Wednesday, reaching $222.63. 1,487,604 shares of the company traded hands, compared to its average volume of 3,319,301. The stock has a market capitalization of $132.03 billion, a PE ratio of 19.34, a PEG ratio of 2.14 and a beta of 1.05. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07. The company has a 50 day moving average of $227.04 and a two-hundred day moving average of $230.04. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.09 billion. During the same quarter last year, the company earned $2.74 EPS. Union Pacific's quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's payout ratio is currently 46.57%.

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.