Legacy Private Trust Co. Has $10.90 Million Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Legacy Private Trust Co. reduced its stake in Union Pacific Corporation by 3.7%, owning 47,370 shares valued at approximately $10.90 million, making it its 29th largest holding.
• Union Pacific reported a quarterly earnings per share (EPS) of $3.03, surpassing analysts' expectations of $2.84 and reflecting a 2.4% year-over-year revenue increase.
• The company recently announced an increase in its quarterly dividend to $1.38 per share, representing an annual yield of 2.6% and a positive change from the previous dividend of $1.34.

Legacy Private Trust Co. reduced its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,370 shares of the railroad operator's stock after selling 1,842 shares during the period. Union Pacific accounts for 0.7% of Legacy Private Trust Co.'s holdings, making the stock its 29th biggest holding. Legacy Private Trust Co.'s holdings in Union Pacific were worth $10,899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Highline Wealth Partners LLC raised its stake in Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after buying an additional 59 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in shares of Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after acquiring an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in shares of Union Pacific during the first quarter worth approximately $32,000. WPG Advisers LLC acquired a new position in shares of Union Pacific during the first quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Analyst Ratings Changes

UNP has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price target on shares of Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Sanford C. Bernstein boosted their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. UBS Group raised their price target on shares of Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Wells Fargo & Company boosted their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Barclays lowered Union Pacific from an "overweight" rating to an "equal weight" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $258.21.

Union Pacific Price Performance

Union Pacific stock opened at $214.73 on Monday. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The company's 50 day moving average price is $224.46 and its two-hundred day moving average price is $225.79. The stock has a market cap of $127.34 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.09 and a beta of 1.03. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

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

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) is presently 47.96%.

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.

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