First Nebraska Trust Co Makes New Investment in Union Pacific Corporation $UNP

First Nebraska Trust Co bought a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 59,415 shares of the railroad operator's stock, valued at approximately $16,161,000. Union Pacific makes up about 1.3% of First Nebraska Trust Co's holdings, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital World Investors boosted its position 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. Norges Bank bought a new stake in Union Pacific during the 4th quarter worth approximately $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Union Pacific by 72.7% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator's stock worth $2,169,168,000 after acquiring an additional 3,861,636 shares during the period. Capital Research Global Investors increased its holdings in Union Pacific by 26.0% during the 4th quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator's stock worth $2,540,105,000 after acquiring an additional 2,267,708 shares during the period. Finally, Bank of America Corp DE lifted its stake in 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 purchasing an additional 2,084,808 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on UNP shares. Citizens Jmp assumed coverage on shares of Union Pacific in a report on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 price target for the company. Wells Fargo & Company reiterated an "overweight" rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. TD Cowen reissued a "buy" rating and set a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. The Goldman Sachs Group set a $317.00 target price on Union Pacific and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Finally, Citigroup upped their target price on Union Pacific from $326.00 to $349.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and an average price target of $320.89.

Insider Transactions at Union Pacific

In other Union Pacific 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 transaction of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares of the company's stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $307.97 on Friday. The company's fifty day moving average price is $286.30 and its 200-day moving average price is $267.60. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The firm has a market capitalization of $182.96 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 3.14 and a beta of 0.96. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the previous year, the firm posted $3.03 EPS. The firm's revenue was up 11.5% compared to the same quarter last year. On average, equities research analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. Union Pacific's dividend payout ratio (DPR) is 44.70%.

About Union Pacific

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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