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

M&T Bank Corp trimmed its holdings in shares of 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 SEC. The firm owned 540,446 shares of the railroad operator's stock after selling 5,393 shares during the quarter. M&T Bank Corp owned about 0.09% of Union Pacific worth $133,209,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its stake in Union Pacific by 0.9% during the third 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 in the last quarter. Ameriprise Financial Inc. grew its stake in Union Pacific by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator's stock worth $1,880,701,000 after buying an additional 106,996 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Union Pacific by 2.3% in 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. Legal & General Group Plc boosted its stake in shares of Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator's stock valued at $1,350,924,000 after purchasing an additional 124,571 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Union Pacific by 0.6% in the 3rd quarter. FMR LLC now owns 5,020,107 shares of the railroad operator's stock valued at $1,237,356,000 after purchasing an additional 31,899 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Price Performance

Shares of UNP traded up $3.62 during midday trading on Tuesday, hitting $237.17. 3,092,556 shares of the company traded hands, compared to its average volume of 2,339,189. The stock has a 50-day moving average of $238.96 and a 200-day moving average of $238.29. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The firm has a market cap of $143.78 billion, a P/E ratio of 21.77, a PEG ratio of 2.31 and a beta of 1.05. 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 - Get Free Report) last announced its quarterly earnings results 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 the consensus estimate of $6.14 billion. During the same quarter in the prior year, the company earned $2.51 earnings per share. The company's quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, December 9th. Union Pacific's dividend payout ratio is presently 49.22%.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of research analyst reports. Raymond James raised their price target on shares of Union Pacific from $265.00 to $275.00 and gave the company a "strong-buy" rating in a research note on Monday, October 14th. Wells Fargo & Company dropped their price objective on shares of Union Pacific from $270.00 to $255.00 and set an "overweight" rating for the company in a report on Friday, October 25th. TD Cowen lowered their price objective on shares of Union Pacific from $255.00 to $252.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Benchmark reissued a "buy" rating and issued a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Finally, Sanford C. Bernstein reduced their price target on shares of Union Pacific from $277.00 to $272.00 and set an "outperform" rating for the company in a research report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $259.80.

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.