Pinnacle Bancorp Inc. Boosts Stake in Union Pacific Corporation $UNP

Key Points

• Pinnacle Bancorp Inc. increased its stake in Union Pacific Corporation by 62.6%, bringing its total holdings to 5,492 shares valued at approximately $1.26 million.
• Union Pacific recently increased its quarterly dividend to $1.38 per share, raising its annualized dividend to $5.52 with a yield of 2.5%.
• Analysts have set new price targets for Union Pacific, with the stock receiving an average rating of "Moderate Buy" and a consensus price target of $259.38.

Pinnacle Bancorp Inc. raised its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 62.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,492 shares of the railroad operator's stock after buying an additional 2,114 shares during the quarter. Pinnacle Bancorp Inc.'s holdings in Union Pacific were worth $1,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. Pines Wealth Management LLC raised its holdings in Union Pacific by 1.7% during the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator's stock valued at $595,000 after acquiring an additional 43 shares during the period. Titleist Asset Management LLC increased its holdings in shares of Union Pacific by 1.1% in the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator's stock worth $946,000 after purchasing an additional 44 shares during the last quarter. First Financial Bank Trust Division increased its holdings in shares of Union Pacific by 1.7% in the first quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock worth $662,000 after purchasing an additional 47 shares during the last quarter. Stiles Financial Services Inc increased its holdings in shares of Union Pacific by 1.6% in the first 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 during the last quarter. Finally, Avalon Trust Co increased its holdings in shares of Union Pacific by 5.1% in the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator's stock worth $237,000 after purchasing an additional 49 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNP has been the topic of several research reports. Loop Capital raised Union Pacific from a "sell" rating to a "hold" rating and lifted their target price for the stock from $214.00 to $227.00 in a report on Tuesday. UBS Group lifted their target price on Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Argus cut Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $263.00 target price on shares of Union Pacific in a report on Monday, June 2nd. Finally, Morgan Stanley reduced their target price on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $259.38.

Union Pacific Trading Up 0.2%

UNP opened at $220.86 on Friday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The stock has a 50-day moving average of $222.66 and a 200 day moving average of $225.13. The firm has a market cap of $130.98 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.14 and a beta of 1.03. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

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

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. 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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