Ames National Corp acquired a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,982 shares of the railroad operator's stock, valued at approximately $1,085,000. Union Pacific accounts for 0.6% of Ames National Corp's investment portfolio, making the stock its 27th largest holding.
Other institutional investors have also modified their holdings of the company. State Street Corp boosted its stake in Union Pacific by 4.3% during the fourth quarter. State Street Corp now owns 26,330,080 shares of the railroad operator's stock worth $6,090,674,000 after buying an additional 1,082,285 shares during the period. Capital World Investors raised its stake 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 acquiring an additional 9,655,306 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Union Pacific by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator's stock worth $3,552,550,000 after acquiring an additional 296,814 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Union Pacific by 16.8% in the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator's stock worth $3,509,030,000 after acquiring an additional 2,084,808 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Union Pacific by 5.0% during the 4th quarter. Morgan Stanley now owns 12,636,050 shares of the railroad operator's stock worth $2,922,971,000 after purchasing an additional 602,647 shares during the period. 80.38% of the stock is owned by institutional investors.
Union Pacific Stock Up 0.6%
Shares of NYSE UNP opened at $309.83 on Tuesday. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99. The firm has a market capitalization of $184.06 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 3.14 and a beta of 0.96. The stock has a 50 day moving average price of $287.14 and a 200 day moving average price of $268.31. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99.
Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.Union Pacific's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business posted $3.03 EPS. Sell-side analysts expect that Union Pacific Corporation will post 12.93 earnings per share for the current year.
Union Pacific Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. This is an increase from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. Union Pacific's payout ratio is 45.99%.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. UBS Group reiterated a "neutral" rating and set a $310.00 price target (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. Weiss Ratings upgraded Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. Evercore restated an "outperform" rating and set a $294.00 target price on shares of Union Pacific in a research report on Thursday, June 25th. Stephens raised Union Pacific to a "strong-buy" rating in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. increased their price target on Union Pacific from $304.00 to $334.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $320.89.
Read Our Latest Analysis on UNP
Insider Activity at Union Pacific
In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction dated Wednesday, June 3rd. The stock was 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 directly owned 43,012 shares in the company, valued at $11,353,447.52. The trade was a 6.50% 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. Corporate insiders own 0.22% of the company's stock.
Union Pacific Company Profile
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Free Report)
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.
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