M&T Bank Corp Cuts Holdings in Union Pacific Corporation (NYSE:UNP)

M&T Bank Corp trimmed its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 478,217 shares of the railroad operator's stock after selling 54,537 shares during the quarter. M&T Bank Corp owned approximately 0.08% of Union Pacific worth $112,974,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of UNP. Geode Capital Management LLC grew its position in shares of Union Pacific by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock worth $3,282,305,000 after purchasing an additional 1,616,895 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Union Pacific by 14.3% during the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after acquiring an additional 1,298,178 shares during the period. Norges Bank bought a new stake in shares of Union Pacific during the 4th quarter worth approximately $1,927,377,000. Franklin Resources Inc. lifted its holdings in shares of Union Pacific by 5.0% during the 4th quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator's stock worth $1,752,804,000 after acquiring an additional 363,937 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Union Pacific by 15.2% during the 4th quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator's stock worth $1,587,763,000 after acquiring an additional 920,414 shares during the period. 80.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UNP shares. Robert W. Baird started coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective for the company. Argus raised shares of Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. The Goldman Sachs Group reissued a "neutral" rating and issued a $263.00 price objective on shares of Union Pacific in a research note on Monday, June 2nd. Stephens dropped their price objective on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Barclays dropped their price target on shares of Union Pacific from $285.00 to $260.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $256.21.

Union Pacific Stock Up 0.2%

Shares of NYSE UNP traded up $0.38 during mid-day trading on Wednesday, reaching $236.92. 2,432,791 shares of the company's stock traded hands, compared to its average volume of 2,729,925. The stock has a market cap of $141.55 billion, a P/E ratio of 21.34, a PEG ratio of 2.38 and a beta of 1.05. The business has a 50-day simple moving average of $224.89 and a 200 day simple moving average of $230.99. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.73 and a quick ratio of 0.61.

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

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, May 30th. Union Pacific's dividend payout ratio (DPR) is presently 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.