M&T Bank Corp Sells 5,393 Shares of Union Pacific Co. (NYSE:UNP)

M&T Bank Corp cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 540,446 shares of the railroad operator’s stock after selling 5,393 shares during the quarter. M&T Bank Corp owned 0.09% of Union Pacific worth $133,209,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Burke & Herbert Bank & Trust Co. increased its stake in shares of Union Pacific by 105.1% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 2,693 shares of the railroad operator’s stock worth $609,000 after buying an additional 1,380 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Union Pacific by 8.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 124,839 shares of the railroad operator’s stock worth $28,246,000 after buying an additional 9,455 shares during the period. Great Valley Advisor Group Inc. increased its stake in shares of Union Pacific by 11.3% in the second quarter. Great Valley Advisor Group Inc. now owns 25,201 shares of the railroad operator’s stock worth $5,702,000 after buying an additional 2,555 shares during the period. ORG Partners LLC increased its stake in shares of Union Pacific by 12,284.6% in the second quarter. ORG Partners LLC now owns 4,830 shares of the railroad operator’s stock worth $1,087,000 after buying an additional 4,791 shares during the period. Finally, Addenda Capital Inc. increased its stake in shares of Union Pacific by 13.9% in the second quarter. Addenda Capital Inc. now owns 21,934 shares of the railroad operator’s stock worth $4,963,000 after buying an additional 2,679 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $233.54 on Tuesday. The stock has a market cap of $141.59 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.31 and a beta of 1.05. The firm’s 50-day moving average is $238.96 and its 200 day moving average is $238.29. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. 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 (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period last year, the firm posted $2.51 EPS. Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Monday, December 9th. Union Pacific’s dividend payout ratio (DPR) is 49.22%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. BMO Capital Markets cut their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Citigroup lifted their price target on shares of Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. cut their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada cut their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, TD Cowen cut their price target on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Nine 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

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.