Mechanics Bank Trust Department Cuts Stock Position in Union Pacific Co. (NYSE:UNP)

Mechanics Bank Trust Department cut its holdings in Union Pacific Co. (NYSE:UNP) by 4.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,096 shares of the railroad operator’s stock after selling 453 shares during the quarter. Mechanics Bank Trust Department’s holdings in Union Pacific were worth $2,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewSquare Capital LLC increased its position in shares of Union Pacific by 116.7% in the first quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $26,000 after buying an additional 70 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific in the first quarter worth approximately $26,000. Miller Wealth Advisors LLC boosted its stake in shares of Union Pacific by 108.3% in the first quarter. Miller Wealth Advisors LLC now owns 125 shares of the railroad operator’s stock worth $30,000 after acquiring an additional 65 shares during the last quarter. Centerpoint Advisors LLC boosted its stake in shares of Union Pacific by 86.7% in the first quarter. Centerpoint Advisors LLC now owns 155 shares of the railroad operator’s stock worth $31,000 after acquiring an additional 72 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of Union Pacific in the fourth quarter worth approximately $32,000. 77.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UNP has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Union Pacific from $200.00 to $245.00 in a research note on Thursday, July 27th. Raymond James lifted their price target on Union Pacific from $230.00 to $270.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 27th. Citigroup boosted their price objective on Union Pacific from $235.00 to $270.00 in a research note on Thursday, July 27th. Bank of America boosted their price objective on Union Pacific from $237.00 to $265.00 in a research note on Thursday, July 27th. Finally, Stephens boosted their price objective on Union Pacific from $232.00 to $257.00 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Twelve analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $233.97.

Insiders Place Their Bets

In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total transaction of $222,830.00. Following the sale, the chief financial officer now owns 99,378 shares in the company, valued at approximately $22,144,399.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Union Pacific news, EVP Kenyatta G. Rocker sold 8,700 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the sale, the executive vice president now owns 42,061 shares in the company, valued at approximately $9,355,628.23. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jennifer L. Hamann sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total value of $222,830.00. Following the transaction, the chief financial officer now directly owns 99,378 shares of the company’s stock, valued at $22,144,399.74. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Union Pacific Price Performance

UNP stock opened at $213.32 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $130.01 billion, a PE ratio of 19.46, a P/E/G ratio of 2.05 and a beta of 1.11. Union Pacific Co. has a 12-month low of $183.69 and a 12-month high of $240.48. The business’s fifty day moving average price is $220.88 and its 200 day moving average price is $206.45.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.18). Union Pacific had a net margin of 27.18% and a return on equity of 55.03%. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the prior year, the firm posted $2.93 EPS. Union Pacific’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Union Pacific Co. will post 10.5 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a dividend of $1.30 per share. The ex-dividend date is Wednesday, August 30th. This represents a $5.20 annualized dividend and a yield of 2.44%. Union Pacific’s dividend payout ratio (DPR) is 47.45%.

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.