Arvest Trust Co. N A Has $16.70 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Arvest Trust Co. N A cut its holdings in Union Pacific Co. (NYSE:UNP) by 4.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,810 shares of the railroad operator’s stock after selling 3,621 shares during the quarter. Arvest Trust Co. N A’s holdings in Union Pacific were worth $16,700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNP. OLD Point Trust & Financial Services N A acquired a new stake in shares of Union Pacific in the 4th quarter valued at approximately $25,000. Richardson Capital Management LLC bought a new position in Union Pacific in the 1st quarter valued at approximately $26,000. Raleigh Capital Management Inc. lifted its stake in Union Pacific by 211.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 74 shares during the last quarter. Scarborough Advisors LLC bought a new stake in shares of Union Pacific during the fourth quarter worth $29,000. Finally, Cultivar Capital Inc. acquired a new position in shares of Union Pacific during the second quarter worth $27,000. Institutional investors own 80.38% of the company’s stock.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares in the company, valued at $16,014,787.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

Union Pacific Price Performance

UNP opened at $252.51 on Tuesday. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66. The company has a market capitalization of $154.06 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 2.20 and a beta of 1.05. The firm’s fifty day moving average price is $243.58 and its two-hundred day moving average price is $239.08. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.57 EPS. As a group, analysts anticipate that Union Pacific Co. will post 11.11 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is 51.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UNP shares. Royal Bank of Canada reissued an “outperform” rating and set a $275.00 price objective on shares of Union Pacific in a report on Thursday, September 12th. Wells Fargo & Company started coverage on shares of Union Pacific in a research report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target for the company. Sanford C. Bernstein decreased their price target on Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. TD Cowen reduced their target price on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Finally, Susquehanna decreased their price target on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a report on Tuesday, June 25th. Eight 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.79.

Union Pacific 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.