Sanibel Captiva Trust Company Inc. Purchases 1,309 Shares of Union Pacific Co. (NYSE:UNP)

Sanibel Captiva Trust Company Inc. increased its holdings in Union Pacific Co. (NYSE:UNP) by 23.4% during the 4th quarter, Holdings Channel reports. The firm owned 6,911 shares of the railroad operator’s stock after buying an additional 1,309 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Union Pacific were worth $1,576,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp grew its position in shares of Union Pacific by 0.9% in the 3rd quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock worth $6,109,829,000 after buying an additional 217,780 shares during the last quarter. Geode Capital Management LLC increased its position in Union Pacific by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock valued at $3,146,451,000 after purchasing an additional 182,620 shares during the period. Ameriprise Financial Inc. raised its holdings in Union Pacific by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after purchasing an additional 106,996 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Union Pacific by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock worth $1,795,993,000 after purchasing an additional 625,492 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of Union Pacific by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock valued at $1,549,271,000 after purchasing an additional 143,896 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $233.99 on Friday. The business has a 50-day simple moving average of $233.83 and a two-hundred day simple moving average of $238.85. 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 firm has a market cap of $141.86 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same period in the previous year, the firm earned $2.51 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts expect that Union Pacific Co. will post 10.95 earnings per share for the current year.

Union Pacific Dividend Announcement

The company 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 dividend yield of 2.29%. The ex-dividend date was Monday, December 9th. Union Pacific’s payout ratio is currently 49.22%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Benchmark restated a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a report on Friday, October 25th. Royal Bank of Canada dropped their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Sanford C. Bernstein decreased their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Raymond James boosted their target price on shares of Union Pacific from $260.00 to $265.00 and gave the company a “strong-buy” rating in a report on Friday, January 10th. Finally, Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Nine investment 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 company’s stock. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $259.35.

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, 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.