Field & Main Bank cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,620 shares of the railroad operator’s stock after selling 170 shares during the quarter. Union Pacific accounts for 1.2% of Field & Main Bank’s investment portfolio, making the stock its 26th largest position. Field & Main Bank’s holdings in Union Pacific were worth $1,501,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Union Pacific by 5.5% in the 2nd quarter. BlackRock Inc. now owns 49,108,837 shares of the railroad operator’s stock valued at $8,302,833,000 after purchasing an additional 2,558,794 shares in the last quarter. FMR LLC raised its holdings in shares of Union Pacific by 9.0% in the 2nd quarter. FMR LLC now owns 9,885,795 shares of the railroad operator’s stock valued at $1,671,391,000 after purchasing an additional 816,580 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Union Pacific by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,865,603 shares of the railroad operator’s stock valued at $1,329,835,000 after purchasing an additional 597,606 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Union Pacific by 16.6% in the 2nd quarter. Jennison Associates LLC now owns 4,745,321 shares of the railroad operator’s stock valued at $802,291,000 after purchasing an additional 674,848 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Union Pacific by 7.5% in the 2nd quarter. Fisher Asset Management LLC now owns 4,028,867 shares of the railroad operator’s stock valued at $681,161,000 after purchasing an additional 282,434 shares in the last quarter. Institutional investors own 78.16% of the company’s stock.

A number of brokerages have recently weighed in on UNP. BMO Capital Markets raised their price objective on shares of Union Pacific from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Morgan Stanley lifted their price target on shares of Union Pacific from $135.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Monday, October 5th. Bank of America lifted their price target on shares of Union Pacific from $198.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Raymond James cut their price target on shares of Union Pacific from $227.00 to $220.00 and set a “strong-buy” rating on the stock in a research note on Friday. Finally, Robert W. Baird upgraded shares of Union Pacific from a “neutral” rating to an “outperform” rating and set a $220.00 price target on the stock in a research note on Monday, August 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Union Pacific presently has a consensus rating of “Buy” and a consensus target price of $184.63.

In other news, VP Todd M. Rynaski sold 1,500 shares of Union Pacific stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $190.46, for a total value of $285,690.00. Following the sale, the vice president now owns 10,550 shares of the company’s stock, valued at $2,009,353. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jennifer L. Hamann sold 1,000 shares of Union Pacific stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $193.79, for a total transaction of $193,790.00. Following the completion of the sale, the chief financial officer now directly owns 74,648 shares in the company, valued at approximately $14,466,035.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,876 shares of company stock worth $1,530,542. Insiders own 0.20% of the company’s stock.

Union Pacific stock traded up $1.00 during midday trading on Friday, hitting $188.14. 3,897,066 shares of the company’s stock were exchanged, compared to its average volume of 2,414,674. Union Pacific Co. has a 12-month low of $105.08 and a 12-month high of $210.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.96. The stock has a market cap of $127.72 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 2.59 and a beta of 1.02. The firm’s 50 day simple moving average is $199.04 and its 200 day simple moving average is $176.92.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 22nd. The railroad operator reported $2.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.05). The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.97 billion. Union Pacific had a net margin of 27.54% and a return on equity of 32.45%. The firm’s revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.22 EPS. On average, equities research analysts forecast that Union Pacific Co. will post 7.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, August 28th. Union Pacific’s payout ratio is 46.30%.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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