Texas Bank & Trust Co Buys New Stake in Union Pacific Co. (NYSE:UNP)

Texas Bank & Trust Co purchased a new position in shares of Union Pacific Co. (NYSE:UNP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,321 shares of the railroad operator's stock, valued at approximately $985,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC increased its stake in shares of Union Pacific by 41.8% during the fourth quarter. Tidal Investments LLC now owns 60,352 shares of the railroad operator's stock worth $13,763,000 after acquiring an additional 17,796 shares during the period. TrinityPoint Wealth LLC raised its position in Union Pacific by 2.3% in the fourth quarter. TrinityPoint Wealth LLC now owns 5,262 shares of the railroad operator's stock worth $1,200,000 after acquiring an additional 117 shares in the last quarter. Strategic Wealth Partners Ltd. raised its position in Union Pacific by 512.0% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 39,281 shares of the railroad operator's stock worth $9,858,000 after acquiring an additional 32,863 shares in the last quarter. Tema Etfs LLC purchased a new position in Union Pacific in the fourth quarter worth $1,690,000. Finally, Toronto Dominion Bank grew its position in Union Pacific by 6.7% during the fourth quarter. Toronto Dominion Bank now owns 344,840 shares of the railroad operator's stock worth $78,636,000 after buying an additional 21,700 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Guggenheim upped their target price on shares of Union Pacific from $266.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Loop Capital lowered shares of Union Pacific from a "hold" rating to a "sell" rating and lowered their target price for the stock from $265.00 to $200.00 in a research report on Monday, February 3rd. Stephens lowered their target price on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Stifel Nicolaus lowered their target price on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Benchmark upped their target price on shares of Union Pacific from $266.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $257.50.

Union Pacific Trading Down 0.5%

Shares of UNP traded down $1.15 during mid-day trading on Tuesday, reaching $228.35. The company had a trading volume of 1,982,810 shares, compared to its average volume of 2,647,089. The stock has a market cap of $136.43 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The firm has a fifty day simple moving average of $223.88 and a 200-day simple moving average of $233.63. Union Pacific Co. has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share 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 analyst estimates of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $2.69 EPS. On average, sell-side analysts anticipate that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $1.34 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.35%. Union Pacific's dividend payout ratio (DPR) is 48.29%.

Union Pacific Profile

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.