Webster Bank N. A. Lowers Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Webster Bank N. A. reduced its holdings in Union Pacific Corporation by **34.0%**, now owning 2,343 shares worth approximately **$539,000**.
• Union Pacific has recently increased its quarterly dividend to **$1.38 per share**, representing an annualized yield of **2.6%**.
• The company reported **$3.03 earnings per share** for the last quarter, surpassing estimates and marking a **2.4%** revenue increase compared to the same period last year.

Webster Bank N. A. trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 34.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,343 shares of the railroad operator's stock after selling 1,207 shares during the period. Webster Bank N. A.'s holdings in Union Pacific were worth $539,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Canandaigua National Bank & Trust Co. lifted its holdings in shares of Union Pacific by 3.6% during the second quarter. Canandaigua National Bank & Trust Co. now owns 9,454 shares of the railroad operator's stock valued at $2,175,000 after purchasing an additional 325 shares during the last quarter. Livelsberger Financial Advisory purchased a new position in shares of Union Pacific during the second quarter valued at approximately $43,000. Heartwood Wealth Advisors LLC lifted its holdings in shares of Union Pacific by 7.4% during the second quarter. Heartwood Wealth Advisors LLC now owns 5,835 shares of the railroad operator's stock valued at $1,343,000 after purchasing an additional 400 shares during the last quarter. Gallacher Capital Management LLC lifted its holdings in shares of Union Pacific by 4.2% during the second quarter. Gallacher Capital Management LLC now owns 2,619 shares of the railroad operator's stock valued at $603,000 after purchasing an additional 106 shares during the last quarter. Finally, Trust Co. of Oklahoma lifted its holdings in shares of Union Pacific by 1.1% during the second quarter. Trust Co. of Oklahoma now owns 8,662 shares of the railroad operator's stock valued at $1,993,000 after purchasing an additional 94 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

NYSE UNP opened at $216.18 on Tuesday. The company has a market capitalization of $128.20 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.09 and a beta of 1.03. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The business's fifty day moving average is $224.08 and its 200 day moving average is $225.57. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.74 earnings per share. Sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. This is a boost from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's payout ratio is 47.96%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on UNP shares. The Goldman Sachs Group reiterated a "neutral" rating and set a $263.00 target price on shares of Union Pacific in a report on Monday, June 2nd. Barclays lowered shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a report on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Union Pacific from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Robert W. Baird started coverage on shares of Union Pacific in a report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective for the company. Finally, Citigroup upgraded shares of Union Pacific from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $250.00 to $251.00 in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and an average price target of $258.25.

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.

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