Arvest Bank Trust Division Purchases Shares of 67,672 Union Pacific Co. (NYSE:UNP)

Arvest Bank Trust Division acquired a new stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 67,672 shares of the railroad operator's stock, valued at approximately $16,680,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cultivar Capital Inc. bought a new position in Union Pacific during the 2nd quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Union Pacific in the second quarter valued at about $28,000. Financial Gravity Asset Management Inc. lifted its position in shares of Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator's stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Union Pacific during the third quarter worth about $30,000. Finally, Fairscale Capital LLC bought a new stake in Union Pacific in the 2nd quarter worth about $31,000. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented 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. StockNews.com downgraded shares of Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st. BMO Capital Markets dropped their target price on shares of Union Pacific from $280.00 to $275.00 and set an "outperform" rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. decreased their price target on shares of Union Pacific from $263.00 to $252.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Finally, Sanford C. Bernstein dropped their price objective 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. 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $259.80.

Union Pacific Price Performance

Shares of Union Pacific stock traded down $0.08 on Thursday, reaching $233.70. The stock had a trading volume of 2,242,650 shares, compared to its average volume of 2,341,308. The business's 50 day moving average is $238.60 and its two-hundred day moving average is $238.30. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. 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 $141.68 billion, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations 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 quarter in the prior year, the company earned $2.51 earnings per share. As a group, research analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current 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 paid a $1.34 dividend. The ex-dividend date is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. Union Pacific's dividend payout ratio is currently 49.22%.

Union Pacific Company 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.