Arvest Trust Co. N A Sells 3,621 Shares of Union Pacific Co. (NYSE:UNP)

Arvest Trust Co. N A cut its holdings in Union Pacific Co. (NYSE:UNP - Free Report) by 4.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,810 shares of the railroad operator's stock after selling 3,621 shares during the quarter. Arvest Trust Co. N A's holdings in Union Pacific were worth $16,700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Forum Financial Management LP raised its holdings in Union Pacific by 0.6% in the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator's stock worth $1,731,000 after purchasing an additional 41 shares in the last quarter. Berkeley Capital Partners LLC boosted its position in Union Pacific by 1.0% during the 4th quarter. Berkeley Capital Partners LLC now owns 4,100 shares of the railroad operator's stock valued at $1,007,000 after acquiring an additional 42 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in shares of Union Pacific by 1.4% during the 1st quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator's stock worth $741,000 after acquiring an additional 42 shares during the period. Fairhaven Wealth Management LLC lifted its stake in shares of Union Pacific by 1.7% in the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator's stock valued at $584,000 after purchasing an additional 43 shares during the period. Finally, Elevated Capital Advisors LLC boosted its position in shares of Union Pacific by 3.6% during the first quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator's stock valued at $312,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business's stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by corporate insiders.

Union Pacific Stock Performance

Shares of Union Pacific stock traded up $1.12 during trading hours on Tuesday, reaching $253.55. 1,640,439 shares of the stock traded hands, compared to its average volume of 2,255,973. The company has a 50 day moving average price of $243.58 and a 200 day moving average price of $239.08. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $154.70 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 2.20 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.03. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. Union Pacific's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.57 earnings per share. On average, equities research analysts expect that Union Pacific Co. will post 11.11 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, August 30th. This is a positive change from Union Pacific's previous quarterly dividend of $1.30. Union Pacific's dividend payout ratio is presently 51.15%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UNP. Benchmark reiterated a "buy" rating and issued a $266.00 price objective on shares of Union Pacific in a report on Monday, July 29th. Susquehanna dropped their price objective on shares of Union Pacific from $270.00 to $250.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 25th. Daiwa America cut shares of Union Pacific from a "moderate buy" rating to a "hold" rating in a report on Wednesday, September 4th. TD Cowen lowered their target price on shares of Union Pacific from $259.00 to $255.00 and set a "buy" rating for the company in a report on Friday, July 26th. Finally, Barclays cut their price target on Union Pacific from $290.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $258.79.

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.