Simmons Bank Sells 1,111 Shares of Union Pacific Corporation (NYSE:UNP)

Simmons Bank lessened its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,350 shares of the railroad operator's stock after selling 1,111 shares during the quarter. Simmons Bank's holdings in Union Pacific were worth $4,099,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at approximately $114,000. Jackson Thornton Wealth Management LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at approximately $201,000. Truist Financial Corp raised its position in shares of Union Pacific by 2.7% in the 1st quarter. Truist Financial Corp now owns 968,061 shares of the railroad operator's stock valued at $228,695,000 after buying an additional 25,900 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Union Pacific by 5.2% in the 1st quarter. Impax Asset Management Group plc now owns 655,314 shares of the railroad operator's stock valued at $154,811,000 after buying an additional 32,511 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its holdings in shares of Union Pacific by 12.0% in the 1st quarter. Strategic Blueprint LLC now owns 1,463 shares of the railroad operator's stock valued at $346,000 after purchasing an additional 157 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 0.3%

UNP traded down $0.72 during midday trading on Friday, hitting $236.45. 1,327,641 shares of the company were exchanged, compared to its average volume of 2,723,651. The firm has a market capitalization of $141.27 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.37 and a beta of 1.05. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07. The firm's 50 day moving average price is $224.00 and its 200-day moving average price is $230.79. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.03). Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the business posted $2.69 earnings per share. The business's revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, May 30th. Union Pacific's dividend payout ratio (DPR) is presently 48.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Stephens lowered their price target on Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Robert W. Baird initiated coverage on Union Pacific in a research note on Tuesday. They set a "neutral" rating and a $231.00 target price for the company. Jefferies Financial Group reduced their price target on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. Finally, Bank of America increased 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Union Pacific currently has a consensus rating of "Moderate Buy" and an average price target of $256.91.

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.