Inspire Trust Co. N.A. Has $3.95 Million Holdings in Union Pacific Corporation (NYSE:UNP)

Key Points

• Inspire Trust Co. N.A. increased its holdings in Union Pacific Corporation by 8.4%, now owning 16,700 shares valued at approximately $3.95 million.
• Union Pacific reported earnings of $3.03 per share for the recent quarter, exceeding analysts' expectations of $2.84, with a year-over-year revenue increase of 2.4%.
• The company declared a quarterly dividend of $1.38 per share, up from $1.34, marking a 2.5% annual dividend yield.

Inspire Trust Co. N.A. increased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 8.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,700 shares of the railroad operator's stock after purchasing an additional 1,300 shares during the quarter. Inspire Trust Co. N.A.'s holdings in Union Pacific were worth $3,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allred Capital Management LLC raised its position in shares of Union Pacific by 0.5% in the fourth quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator's stock valued at $1,904,000 after buying an additional 40 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in 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 in the last quarter. Foster Dykema Cabot & Partners LLC raised its holdings in Union Pacific by 1.6% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 2,922 shares of the railroad operator's stock valued at $666,000 after acquiring an additional 47 shares in the last quarter. First Financial Bank Trust Division lifted its position in shares of Union Pacific by 1.7% during the 1st quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock valued at $662,000 after acquiring an additional 47 shares during the period. Finally, Stiles Financial Services Inc grew its holdings in shares of Union Pacific by 1.6% during the 1st quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator's stock worth $700,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 0.4%

NYSE UNP traded down $0.97 on Friday, reaching $220.55. The company had a trading volume of 3,739,243 shares, compared to its average volume of 5,544,143. The firm has a market cap of $130.80 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 2.14 and a beta of 1.05. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The business has a 50 day moving average of $227.06 and a two-hundred day moving average of $229.43.

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

Union Pacific Increases Dividend

The company 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 is an increase from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. Union Pacific's dividend payout ratio is presently 47.96%.

Analysts Set New Price Targets

A number of research analysts recently commented on UNP shares. Morgan Stanley dropped their price target on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. BMO Capital Markets boosted their target price on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Baird R W upgraded shares of Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. Bank of America lifted their price objective on shares of Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Company 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.