OLD National Bancorp IN Trims Stock Position in Union Pacific Co. (NYSE:UNP)

OLD National Bancorp IN decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,623 shares of the railroad operator’s stock after selling 1,571 shares during the quarter. OLD National Bancorp IN’s holdings in Union Pacific were worth $6,071,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Union Pacific during the second quarter worth approximately $28,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Union Pacific by 38.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 154,543 shares of the railroad operator’s stock valued at $34,967,000 after purchasing an additional 43,256 shares during the period. Anchor Investment Management LLC raised its holdings in shares of Union Pacific by 2.5% in the second quarter. Anchor Investment Management LLC now owns 42,795 shares of the railroad operator’s stock valued at $9,683,000 after buying an additional 1,037 shares during the last quarter. Davis Capital Management boosted its stake in shares of Union Pacific by 1.5% during the third quarter. Davis Capital Management now owns 7,657 shares of the railroad operator’s stock worth $1,887,000 after buying an additional 116 shares during the period. Finally, Trust Co. of Toledo NA OH grew its holdings in shares of Union Pacific by 2.7% during the third quarter. Trust Co. of Toledo NA OH now owns 15,683 shares of the railroad operator’s stock worth $3,866,000 after buying an additional 419 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays increased their price objective on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Citigroup lifted their price objective on shares of Union Pacific from $254.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Raymond James restated a “strong-buy” rating and set a $285.00 price objective (up previously from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. Robert W. Baird lifted their target price on shares of Union Pacific from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Benchmark increased their price target on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $263.30.

Insider Activity at Union Pacific

In related news, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the transaction, the executive vice president now directly owns 26,319 shares of the company’s stock, valued at $6,632,388. The trade was a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Elizabeth F. Whited sold 7,500 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the president now directly owns 64,960 shares of the company’s stock, valued at $16,240,000. The trade was a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Union Pacific Price Performance

NYSE UNP opened at $249.75 on Friday. The company has a 50-day moving average price of $235.09 and a two-hundred day moving average price of $240.01. The stock has a market cap of $151.41 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating the consensus estimate of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same period in the previous year, the company posted $2.71 EPS. Analysts forecast that Union Pacific Co. will post 12.03 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.15%. The ex-dividend date was Monday, December 9th. Union Pacific’s payout ratio is currently 48.33%.

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.