Union Pacific Corporation $UNP Shares Bought by Trust Point Inc.

Key Points

• Trust Point Inc. increased its stake in Union Pacific Corporation by 35.1% during the 2nd quarter, owning 7,317 shares worth approximately $1.68 million.
• Union Pacific declared a quarterly dividend of $1.38 per share, a rise from the previous $1.34, to be paid on September 30th.
• The company reported earnings per share (EPS) of $3.03 for the last quarter, exceeding expectations and marking a 2.4% increase in year-over-year revenue.

Trust Point Inc. boosted its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 35.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,317 shares of the railroad operator's stock after acquiring an additional 1,901 shares during the period. Trust Point Inc.'s holdings in Union Pacific were worth $1,683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pines Wealth Management LLC grew its holdings in Union Pacific by 1.7% during the 2nd quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator's stock valued at $595,000 after buying an additional 43 shares in the last quarter. Titleist Asset Management LLC grew its holdings in Union Pacific by 1.1% during the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator's stock valued at $946,000 after buying an additional 44 shares in the last quarter. First Financial Bank Trust Division grew its holdings in 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 buying an additional 47 shares in the last quarter. Stiles Financial Services Inc grew its holdings in shares of Union Pacific by 1.6% during 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 in the last quarter. Finally, Avalon Trust Co grew its holdings in shares of Union Pacific by 5.1% during 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 in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

Shares of UNP traded up $0.50 during trading hours on Friday, hitting $220.86. 8,631,770 shares of the stock were exchanged, compared to its average volume of 4,396,240. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a market cap of $130.98 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. The stock's 50-day moving average price is $222.66 and its two-hundred day moving average price is $225.01.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the previous year, the company posted $2.74 earnings per share. The firm's revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $1.38 dividend. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. Union Pacific's payout ratio is currently 47.96%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Susquehanna dropped their price objective on Union Pacific from $260.00 to $257.00 and set a "positive" rating for the company in a research note on Wednesday, July 30th. Jefferies Financial Group upgraded Union Pacific from a "hold" rating to a "buy" rating and upped their target price for the company from $250.00 to $285.00 in a report on Friday, July 25th. Citigroup upgraded Union Pacific from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $250.00 to $251.00 in a report on Monday, September 15th. Finally, UBS Group increased their price objective on Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $259.38.

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.