Bank OZK Sells 128 Shares of Union Pacific Co. (NYSE:UNP)

Bank OZK reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,516 shares of the railroad operator’s stock after selling 128 shares during the quarter. Union Pacific accounts for approximately 1.3% of Bank OZK’s holdings, making the stock its 19th biggest position. Bank OZK’s holdings in Union Pacific were worth $2,583,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of Union Pacific by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 7,261,449 shares of the railroad operator’s stock valued at $1,478,649,000 after purchasing an additional 19,145 shares during the period. Northern Trust Corp grew its stake in shares of Union Pacific by 4.4% during the 3rd quarter. Northern Trust Corp now owns 6,803,796 shares of the railroad operator’s stock valued at $1,385,457,000 after purchasing an additional 285,988 shares during the period. FMR LLC grew its stake in shares of Union Pacific by 62.8% during the 3rd quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock valued at $1,119,295,000 after purchasing an additional 2,119,382 shares during the period. Invesco Ltd. grew its stake in shares of Union Pacific by 18.8% during the 3rd quarter. Invesco Ltd. now owns 5,003,423 shares of the railroad operator’s stock valued at $1,018,847,000 after purchasing an additional 792,896 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Union Pacific by 108.9% during the 3rd quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock valued at $840,702,000 after purchasing an additional 2,151,893 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UNP has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Raymond James reiterated a “strong-buy” rating and set a $280.00 price objective (up from $275.00) on shares of Union Pacific in a research note on Friday. Royal Bank of Canada cut their price objective on Union Pacific from $282.00 to $272.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Evercore ISI boosted their price objective on Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets boosted their price objective on Union Pacific from $270.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.78.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,750 shares of the firm’s stock in a transaction on 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 sale, the president now directly owns 56,682 shares in the company, valued at $14,170,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

Union Pacific Price Performance

Shares of UNP traded down $0.76 during mid-day trading on Friday, hitting $242.79. 2,255,458 shares of the stock were exchanged, compared to its average volume of 2,120,671. The company has a market cap of $148.13 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. Union Pacific Co. has a 52-week low of $190.45 and a 52-week high of $258.66. The firm has a 50-day moving average of $244.27 and a two-hundred day moving average of $234.95. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.67 and a current ratio of 0.93.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.19. The business had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.67 EPS. On average, equities analysts predict that Union Pacific Co. will post 11.01 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were issued a dividend of $1.30 per share. 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 49.62%.

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.