Pinnacle Financial Partners Inc Has $58.67 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Pinnacle Financial Partners Inc cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 247,459 shares of the railroad operator’s stock after selling 235 shares during the quarter. Union Pacific accounts for about 1.2% of Pinnacle Financial Partners Inc’s investment portfolio, making the stock its 17th largest holding. Pinnacle Financial Partners Inc’s holdings in Union Pacific were worth $58,665,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Roble Belko & Company Inc boosted its position in Union Pacific by 26.8% during the 4th quarter. Roble Belko & Company Inc now owns 213 shares of the railroad operator’s stock worth $49,000 after acquiring an additional 45 shares during the period. Pflug Koory LLC boosted its position in Union Pacific by 0.5% during the 4th quarter. Pflug Koory LLC now owns 8,569 shares of the railroad operator’s stock worth $1,954,000 after acquiring an additional 45 shares during the period. Baron Wealth Management LLC boosted its position in Union Pacific by 3.3% during the 4th quarter. Baron Wealth Management LLC now owns 1,409 shares of the railroad operator’s stock worth $321,000 after acquiring an additional 45 shares during the period. Regatta Capital Group LLC boosted its position in Union Pacific by 2.8% during the 4th quarter. Regatta Capital Group LLC now owns 1,672 shares of the railroad operator’s stock worth $381,000 after acquiring an additional 46 shares during the period. Finally, True Link Financial Advisors LLC raised its stake in shares of Union Pacific by 1.2% during the 3rd quarter. True Link Financial Advisors LLC now owns 4,016 shares of the railroad operator’s stock worth $990,000 after purchasing an additional 47 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Down 0.9 %

Union Pacific stock opened at $245.43 on Friday. The stock has a market cap of $148.31 billion, a P/E ratio of 22.13, a PEG ratio of 2.15 and a beta of 1.06. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.66. The firm’s fifty day moving average price is $237.68 and its 200-day moving average price is $240.69. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same period in the previous year, the company earned $2.71 EPS. Equities research analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $1.34 per share. The ex-dividend date is Friday, February 28th. This represents a $5.36 annualized dividend and a yield of 2.18%. Union Pacific’s payout ratio is 48.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Susquehanna cut their price target on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus lifted their price objective on Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. decreased their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets lifted their price objective on Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Raymond James restated a “strong-buy” rating and set a $285.00 target price (up previously from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $261.40.

Insider Transactions at Union Pacific

In other news, EVP Craig V. Richardson sold 6,495 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the sale, the executive vice president now owns 26,319 shares of the company’s stock, valued at $6,632,388. The trade was a 19.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Elizabeth F. Whited sold 7,500 shares of Union Pacific stock in a transaction on Friday, January 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the transaction, the president now owns 64,960 shares in the company, valued at approximately $16,240,000. This trade represents a 10.35 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

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.