Field & Main Bank Has $1.69 Million Holdings in Union Pacific Co. (NYSE:UNP)

Field & Main Bank increased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,872 shares of the railroad operator’s stock after buying an additional 130 shares during the quarter. Field & Main Bank’s holdings in Union Pacific were worth $1,688,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in 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 worth $1,478,649,000 after buying an additional 19,145 shares during the period. Northern Trust Corp raised its stake in Union Pacific by 4.4% during the 3rd quarter. Northern Trust Corp now owns 6,803,796 shares of the railroad operator’s stock worth $1,385,457,000 after buying an additional 285,988 shares during the period. FMR LLC raised its stake in Union Pacific by 62.8% during the 3rd quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock worth $1,119,295,000 after buying an additional 2,119,382 shares during the period. Invesco Ltd. raised its stake in Union Pacific by 18.8% during the 3rd quarter. Invesco Ltd. now owns 5,003,423 shares of the railroad operator’s stock worth $1,018,847,000 after buying an additional 792,896 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Union Pacific by 108.9% during the 3rd quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock worth $840,702,000 after buying an additional 2,151,893 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

UNP stock traded down $1.81 during mid-day trading on Monday, hitting $240.98. 1,730,332 shares of the company were exchanged, compared to its average volume of 2,324,740. The business has a 50 day simple moving average of $244.15 and a 200-day simple moving average of $235.56. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $147.03 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.61 and a beta of 1.07. Union Pacific Co. has a 1-year low of $190.71 and a 1-year high of $258.66.

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 firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the business posted $2.67 earnings per share. On average, equities analysts forecast that Union Pacific Co. will post 11.08 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were given a $1.30 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.16%. Union Pacific’s payout ratio is 49.62%.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,750 shares of Union Pacific stock in a transaction that occurred on Thursday, February 15th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on UNP shares. Sanford C. Bernstein upgraded Union Pacific from a “market perform” rating to an “outperform” rating and set a $280.00 target price for the company in a report on Monday, January 22nd. Jefferies Financial Group started coverage on Union Pacific in a report on Monday, April 8th. They set a “hold” rating and a $250.00 target price for the company. Susquehanna increased their target price on Union Pacific from $255.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday. TD Cowen increased their target price on Union Pacific from $252.00 to $258.00 and gave the stock a “buy” rating in a report on Friday. Finally, Evercore ISI increased their target price on Union Pacific from $271.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $258.78.

About Union Pacific

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.