M&T Bank Corp Trims Stock Position in Union Pacific Co. (NYSE:UNP)

M&T Bank Corp lowered its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 540,446 shares of the railroad operator’s stock after selling 5,393 shares during the quarter. M&T Bank Corp’s holdings in Union Pacific were worth $133,209,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Shellback Capital LP increased its position in shares of Union Pacific by 28.2% during the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after purchasing an additional 4,400 shares during the last quarter. Peoples Bank KS purchased a new stake in shares of Union Pacific during the 3rd quarter valued at about $834,000. Maj Invest Holding A S increased its holdings in Union Pacific by 0.3% in the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after acquiring an additional 2,202 shares in the last quarter. Radnor Capital Management LLC purchased a new stake in Union Pacific in the 3rd quarter worth approximately $2,923,000. Finally, Signature Estate & Investment Advisors LLC increased its holdings in Union Pacific by 190.5% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 4,430 shares of the railroad operator’s stock worth $1,092,000 after acquiring an additional 2,905 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

UNP has been the subject of several analyst reports. Robert W. Baird reduced their target price on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. BMO Capital Markets reduced their target price on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Royal Bank of Canada reduced their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Bank of America reduced their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Barclays increased their target price on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Stock Up 0.6 %

NYSE UNP opened at $233.54 on Tuesday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The company has a market capitalization of $141.59 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.31 and a beta of 1.05. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The stock has a 50 day moving average price of $238.96 and a 200-day moving average price of $238.29.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the prior year, the company posted $2.51 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts predict that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.30%. Union Pacific’s payout ratio is presently 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.