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

M&T Bank Corp lessened its position in Union Pacific Co. (NYSE:UNP - Free Report) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Unigestion Holding SA increased its position in shares of Union Pacific by 510.7% during the third quarter. Unigestion Holding SA now owns 55,239 shares of the railroad operator's stock valued at $13,608,000 after buying an additional 46,194 shares during the period. TCW Group Inc. raised its stake in shares of Union Pacific by 8.9% in the third quarter. TCW Group Inc. now owns 38,892 shares of the railroad operator's stock worth $9,586,000 after purchasing an additional 3,182 shares during the last quarter. Hohimer Wealth Management LLC boosted its holdings in Union Pacific by 12.2% in the third quarter. Hohimer Wealth Management LLC now owns 1,505 shares of the railroad operator's stock worth $371,000 after purchasing an additional 164 shares during the last quarter. TD Private Client Wealth LLC increased its position in Union Pacific by 0.6% during the third quarter. TD Private Client Wealth LLC now owns 19,642 shares of the railroad operator's stock valued at $4,841,000 after acquiring an additional 121 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of Union Pacific by 5.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,418 shares of the railroad operator's stock worth $1,089,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Benchmark reissued a "buy" rating and issued a $266.00 price objective on shares of Union Pacific in a research note on Friday, October 25th. Evercore ISI lowered Union Pacific from an "outperform" rating to an "inline" rating and lowered their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. StockNews.com downgraded shares of Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Citigroup lifted their price objective 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. Finally, JPMorgan Chase & Co. lowered their price objective 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. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $259.80.

Union Pacific Stock Performance

UNP stock traded up $3.17 during trading on Friday, reaching $226.32. 5,928,104 shares of the stock were exchanged, compared to its average volume of 2,371,573. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The stock has a 50 day simple moving average of $237.26 and a 200-day simple moving average of $238.30. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. The company has a market capitalization of $137.21 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS 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 firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the prior year, the firm posted $2.51 EPS. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently disclosed 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. This represents a $5.36 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Monday, December 9th. 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.