Independence Bank of Kentucky Acquires 65 Shares of Union Pacific Co. (NYSE:UNP)

Independence Bank of Kentucky raised its holdings in shares of Union Pacific Co. (NYSE:UNPFree Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,817 shares of the railroad operator’s stock after purchasing an additional 65 shares during the period. Independence Bank of Kentucky’s holdings in Union Pacific were worth $692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valued Wealth Advisors LLC bought a new position in shares of Union Pacific during the fourth quarter valued at approximately $28,000. BluePath Capital Management LLC purchased a new stake in shares of Union Pacific during the third quarter valued at approximately $25,000. Power Corp of Canada purchased a new stake in shares of Union Pacific during the first quarter valued at approximately $40,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Union Pacific during the fourth quarter valued at approximately $32,000. Finally, Tyler Stone Wealth Management purchased a new stake in shares of Union Pacific during the second quarter valued at approximately $33,000. Institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the topic of several research reports. Benchmark restated a “buy” rating and issued a $260.00 target price on shares of Union Pacific in a report on Friday, January 26th. BMO Capital Markets raised their target price on shares of Union Pacific from $270.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Royal Bank of Canada dropped their target price on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Union Pacific from $239.00 to $237.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average price target of $251.33.

Get Our Latest Report on Union Pacific

Insider Activity

In other news, President Elizabeth F. Whited sold 3,750 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the transaction, the president now owns 56,682 shares of the company’s stock, valued at approximately $14,170,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.

Union Pacific Stock Down 0.3 %

Shares of UNP stock opened at $242.61 on Wednesday. Union Pacific Co. has a 1-year low of $190.37 and a 1-year high of $258.66. The stock’s fifty day moving average price is $247.93 and its 200 day moving average price is $231.50. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.81 and a quick ratio of 0.67. The company has a market cap of $148.02 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.07.

Union Pacific (NYSE:UNPGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The railroad operator reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.15. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 46.87% and a net margin of 26.45%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.67 EPS. On average, research analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $5.20 annualized dividend and a dividend yield of 2.14%. Union Pacific’s dividend payout ratio (DPR) is presently 49.71%.

About Union Pacific

(Free Report)

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

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