Independence Bank of Kentucky Raises Stock Holdings in Union Pacific Co. (NYSE:UNP)

Independence Bank of Kentucky grew its holdings in shares of Union Pacific Co. (NYSE:UNPFree Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,817 shares of the railroad operator’s stock after purchasing an additional 65 shares during the period. Independence Bank of Kentucky’s holdings in Union Pacific were worth $692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sunburst Financial Group LLC grew its stake in shares of Union Pacific by 1.8% in the fourth quarter. Sunburst Financial Group LLC now owns 2,393 shares of the railroad operator’s stock worth $588,000 after purchasing an additional 42 shares in the last quarter. Sunflower Bank N.A. grew its stake in shares of Union Pacific by 0.8% in the fourth quarter. Sunflower Bank N.A. now owns 5,573 shares of the railroad operator’s stock worth $1,369,000 after purchasing an additional 43 shares in the last quarter. Obsidian Personal Planning Solutions LLC grew its stake in shares of Union Pacific by 1.9% in the third quarter. Obsidian Personal Planning Solutions LLC now owns 2,416 shares of the railroad operator’s stock worth $492,000 after purchasing an additional 45 shares in the last quarter. Vivaldi Capital Management LP lifted its holdings in shares of Union Pacific by 3.1% in the second quarter. Vivaldi Capital Management LP now owns 1,585 shares of the railroad operator’s stock valued at $324,000 after buying an additional 47 shares during the period. Finally, Smith Chas P & Associates PA Cpas lifted its holdings in shares of Union Pacific by 3.7% in the third quarter. Smith Chas P & Associates PA Cpas now owns 1,384 shares of the railroad operator’s stock valued at $282,000 after buying an additional 49 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,750 shares of Union Pacific 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 of the company’s stock, valued at approximately $14,170,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock opened at $242.61 on Wednesday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.81 and a quick ratio of 0.67. The company has a market capitalization of $148.02 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.07. Union Pacific Co. has a one year low of $190.37 and a one year high of $258.66. The business has a 50 day simple moving average of $247.93 and a 200 day simple moving average of $231.50.

Union Pacific (NYSE:UNPGet Free Report) last posted its earnings results on Thursday, January 25th. The railroad operator reported $2.71 EPS for the quarter, topping the consensus estimate of $2.56 by $0.15. Union Pacific had a return on equity of 46.87% and a net margin of 26.45%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter last year, the company earned $2.67 EPS. Union Pacific’s revenue was down .3% on a year-over-year basis. On average, sell-side analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were paid a $1.30 dividend. The ex-dividend date 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 currently 49.71%.

Wall Street Analysts Forecast Growth

UNP has been the subject of several research analyst reports. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Monday, March 18th. Sanford C. Bernstein raised 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. Benchmark reaffirmed a “buy” rating and set a $260.00 target price on shares of Union Pacific in a report on Friday, January 26th. TD Cowen upped their target price on Union Pacific from $228.00 to $251.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. reduced their target price on Union Pacific from $239.00 to $237.00 and set a “neutral” rating for the company in a report on Friday, January 26th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.33.

Check Out Our Latest Research Report on UNP

Union Pacific Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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