Mechanics Bank Trust Department Sells 235 Shares of Union Pacific Co. (NYSE:UNP)

Mechanics Bank Trust Department reduced its position in Union Pacific Co. (NYSE:UNP) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,669 shares of the railroad operator’s stock after selling 235 shares during the quarter. Mechanics Bank Trust Department’s holdings in Union Pacific were worth $1,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Traveka Wealth LLC lifted its holdings in Union Pacific by 3.4% in the third quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock valued at $335,000 after acquiring an additional 45 shares during the period. Red Mountain Financial LLC grew its holdings in Union Pacific by 2.0% in the 3rd quarter. Red Mountain Financial LLC now owns 2,276 shares of the railroad operator’s stock valued at $561,000 after buying an additional 45 shares in the last quarter. Roble Belko & Company Inc grew its holdings in shares of Union Pacific by 26.8% during the 4th quarter. Roble Belko & Company Inc now owns 213 shares of the railroad operator’s stock worth $49,000 after purchasing an additional 45 shares during the period. True Link Financial Advisors LLC lifted its stake in Union Pacific by 1.2% during the 3rd quarter. True Link Financial Advisors LLC now owns 4,016 shares of the railroad operator’s stock worth $990,000 after acquiring an additional 47 shares in the last quarter. Finally, Dakota Community Bank & Trust NA lifted its stake in Union Pacific by 2.8% during the 4th quarter. Dakota Community Bank & Trust NA now owns 1,786 shares of the railroad operator’s stock worth $407,000 after acquiring an additional 49 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UNP. Benchmark reissued a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Friday, October 25th. Wells Fargo & Company dropped their price target on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Sanford C. Bernstein dropped their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays raised their price target on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.35.

Union Pacific Stock Down 0.4 %

Union Pacific stock opened at $233.99 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.66. The company has a market cap of $141.86 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06. The stock’s 50 day moving average price is $233.83 and its 200 day moving average price is $238.95.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.51 earnings per share. On average, sell-side analysts predict that Union Pacific Co. will post 10.95 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.29%. Union Pacific’s dividend payout ratio (DPR) is 49.22%.

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.