Bremer Bank National Association Sells 838 Shares of Union Pacific Co. (NYSE:UNP)

Bremer Bank National Association reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,312 shares of the railroad operator’s stock after selling 838 shares during the period. Bremer Bank National Association’s holdings in Union Pacific were worth $4,143,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Desjardins Global Asset Management Inc. raised its position in Union Pacific by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,000 shares of the railroad operator’s stock worth $737,000 after acquiring an additional 41 shares during the period. Twin Capital Management Inc. raised its position in Union Pacific by 3.0% in the fourth quarter. Twin Capital Management Inc. now owns 1,394 shares of the railroad operator’s stock worth $342,000 after acquiring an additional 41 shares during the period. Forum Financial Management LP raised its position in Union Pacific by 0.6% in the first quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after acquiring an additional 41 shares during the period. Mission Wealth Management LP raised its position in Union Pacific by 0.5% in the fourth quarter. Mission Wealth Management LP now owns 7,838 shares of the railroad operator’s stock worth $1,925,000 after acquiring an additional 42 shares during the period. Finally, Berkeley Capital Partners LLC raised its position in Union Pacific by 1.0% in the fourth quarter. Berkeley Capital Partners LLC now owns 4,100 shares of the railroad operator’s stock worth $1,007,000 after acquiring an additional 42 shares during the period. 80.38% of the stock is owned by institutional investors.

Union Pacific Price Performance

Shares of UNP traded up $3.95 during mid-day trading on Wednesday, reaching $241.22. 1,903,108 shares of the stock traded hands, compared to its average volume of 2,285,743. The firm has a fifty day moving average price of $231.85 and a 200 day moving average price of $239.06. The company has a market cap of $146.95 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.10 and a beta of 1.06. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the previous year, the business earned $2.57 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts predict that Union Pacific Co. will post 11.12 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $1.34 dividend. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a yield of 2.22%. Union Pacific’s payout ratio is 49.62%.

Wall Street Analysts Forecast Growth

Several analysts have commented on UNP shares. Susquehanna lowered their price objective on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 25th. Morgan Stanley upped their price target on shares of Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Royal Bank of Canada lowered their target price on shares of Union Pacific from $281.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, TD Cowen lowered their target price on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.79.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by company insiders.

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.