Bank of New York Mellon Corp Has $1.13 Billion Position in Union Pacific Corporation (NYSE:UNP)

Bank of New York Mellon Corp trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,775,038 shares of the railroad operator's stock after selling 46,941 shares during the period. Bank of New York Mellon Corp owned about 0.80% of Union Pacific worth $1,128,055,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UNP. Allred Capital Management LLC lifted its holdings in Union Pacific by 0.5% during the 4th quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator's stock worth $1,904,000 after buying an additional 40 shares in the last quarter. Palogic Value Management L.P. raised its position in shares of Union Pacific by 1.5% during the 4th quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator's stock valued at $644,000 after acquiring an additional 42 shares during the last quarter. Mystic Asset Management Inc. increased its holdings in Union Pacific by 2.0% in the fourth quarter. Mystic Asset Management Inc. now owns 2,309 shares of the railroad operator's stock valued at $527,000 after purchasing an additional 45 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its position in shares of Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after acquiring an additional 45 shares during the period. Finally, Ironwood Investment Counsel LLC raised its holdings in Union Pacific by 1.3% in the fourth quarter. Ironwood Investment Counsel LLC now owns 3,458 shares of the railroad operator's stock worth $789,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on UNP shares. Susquehanna raised Union Pacific from a "neutral" rating to a "positive" rating and raised their price target for the stock from $245.00 to $260.00 in a research report on Tuesday, June 24th. Redburn Atlantic raised Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price for the company in a research note on Wednesday, April 16th. Wells Fargo & Company cut their price target on shares of Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Citigroup raised shares of Union Pacific from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $260.00 to $244.00 in a research note on Tuesday, April 8th. Finally, Stifel Nicolaus cut their price target on Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Union Pacific has an average rating of "Moderate Buy" and an average price target of $256.91.

Union Pacific Stock Performance

Union Pacific stock traded down $0.72 during mid-day trading on Friday, hitting $236.45. 1,327,641 shares of the company's stock traded hands, compared to its average volume of 2,723,651. The firm has a 50 day simple moving average of $224.00 and a two-hundred day simple moving average of $230.79. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.73 and a quick ratio of 0.61. The stock has a market cap of $141.27 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.37 and a beta of 1.05. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.03). The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The firm's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.69 earnings per share. On average, research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Friday, May 30th. Union Pacific's payout ratio is currently 48.29%.

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.