Arvest Bank Trust Division decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 3.2% in the fourth quarter, Holdings Channel reports. The fund owned 246,592 shares of the railroad operator’s stock after selling 8,148 shares during the period. Union Pacific accounts for 2.3% of Arvest Bank Trust Division’s investment portfolio, making the stock its 7th biggest holding. Arvest Bank Trust Division’s holdings in Union Pacific were worth $33,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp lifted its position in Union Pacific by 15.5% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock worth $109,803,000 after acquiring an additional 134,950 shares during the last quarter. Community Bank N.A. lifted its position in Union Pacific by 3.0% during the 2nd quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after acquiring an additional 45 shares during the last quarter. Northeast Investment Management lifted its position in Union Pacific by 2.8% during the 2nd quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock worth $30,305,000 after acquiring an additional 7,663 shares during the last quarter. iAB Financial Bank lifted its position in Union Pacific by 23.8% during the 2nd quarter. iAB Financial Bank now owns 3,900 shares of the railroad operator’s stock worth $425,000 after acquiring an additional 750 shares during the last quarter. Finally, Clinton Group Inc. lifted its position in Union Pacific by 82.0% during the 2nd quarter. Clinton Group Inc. now owns 25,117 shares of the railroad operator’s stock worth $2,735,000 after acquiring an additional 11,313 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.
Shares of Union Pacific Co. (NYSE UNP) opened at $128.30 on Wednesday. The firm has a market cap of $100,990.00, a PE ratio of 9.50, a P/E/G ratio of 1.59 and a beta of 0.84. Union Pacific Co. has a 52 week low of $101.06 and a 52 week high of $143.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.97.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.92 dividend on an annualized basis and a yield of 2.28%. This is a boost from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s payout ratio is presently 19.70%.
UNP has been the subject of a number of research analyst reports. UBS Group raised shares of Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a research report on Monday, January 8th. Royal Bank of Canada reaffirmed a “hold” rating and set a $124.00 price objective on shares of Union Pacific in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Goldman Sachs Group began coverage on shares of Union Pacific in a research report on Monday, November 13th. They set a “sell” rating and a $103.00 price objective for the company. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $130.40.
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Union Pacific Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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