Perkins Coie Trust Co Sells 299 Shares of Union Pacific Co. (NYSE:UNP)

Perkins Coie Trust Co cut its holdings in Union Pacific Co. (NYSE:UNP) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,909 shares of the railroad operator’s stock after selling 299 shares during the period. Perkins Coie Trust Co’s holdings in Union Pacific were worth $3,856,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific in the 2nd quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new position in Union Pacific during the third quarter worth $30,000. Fairscale Capital LLC bought a new position in Union Pacific during the second quarter worth $31,000. Jamison Private Wealth Management Inc. boosted its holdings in Union Pacific by 265.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after purchasing an additional 93 shares during the period. Finally, Peterson Financial Group Inc. acquired a new stake in Union Pacific in the 3rd quarter worth $32,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UNP. Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and cut their price objective for the company from $254.00 to $247.00 in a research report on Wednesday, September 25th. TD Cowen reduced their price objective on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Sanford C. Bernstein lowered their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Benchmark reaffirmed a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research report on Friday, October 25th. Finally, Royal Bank of Canada decreased their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.35.

Union Pacific Stock Down 0.4 %

Shares of NYSE:UNP opened at $233.99 on Friday. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The firm has a market cap of $141.86 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.02 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The company’s 50-day moving average price is $233.83 and its two-hundred day moving average price is $238.85.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.51 EPS. As a group, research analysts forecast that Union Pacific Co. will post 10.95 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. Union Pacific’s payout ratio is 49.22%.

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.