M&T Bank Corp Has $114.06 Million Holdings in Union Pacific Co. (NYSE:UNP)

M&T Bank Corp trimmed its position in Union Pacific Co. (NYSE:UNP) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 464,377 shares of the railroad operator’s stock after selling 6,024 shares during the period. M&T Bank Corp owned 0.08% of Union Pacific worth $114,060,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of UNP. Clearbridge Investments LLC lifted its holdings in shares of Union Pacific by 108.9% during the third quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock worth $840,702,000 after purchasing an additional 2,151,893 shares during the period. FMR LLC lifted its holdings in Union Pacific by 62.8% during the 3rd quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock worth $1,119,295,000 after buying an additional 2,119,382 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Union Pacific by 65.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,348,496 shares of the railroad operator’s stock valued at $478,224,000 after buying an additional 929,495 shares during the last quarter. Cerity Partners LLC grew its position in shares of Union Pacific by 331.7% in the 4th quarter. Cerity Partners LLC now owns 1,143,298 shares of the railroad operator’s stock valued at $280,817,000 after buying an additional 878,490 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Union Pacific by 20,736.8% in the fourth quarter. International Assets Investment Management LLC now owns 803,677 shares of the railroad operator’s stock valued at $197,399,000 after buying an additional 799,820 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Up 1.1 %

Shares of NYSE UNP traded up $2.67 during mid-day trading on Friday, reaching $240.36. 2,174,714 shares of the company’s stock traded hands, compared to its average volume of 2,177,795. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.76. The business has a 50-day simple moving average of $242.95 and a 200 day simple moving average of $235.98. The stock has a market cap of $146.65 billion, a P/E ratio of 22.94, a PEG ratio of 2.55 and a beta of 1.06. Union Pacific Co. has a 1-year low of $190.71 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.19. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.67 EPS. On average, analysts expect that Union Pacific Co. will post 11.21 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 29th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.16%. The ex-dividend date was Wednesday, February 28th. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

Analyst Ratings Changes

Several analysts recently commented on UNP shares. Sanford C. Bernstein upgraded Union Pacific from a “market perform” rating to an “outperform” rating and set a $280.00 target price on the stock in a report on Monday, January 22nd. UBS Group increased their price objective on shares of Union Pacific from $235.00 to $248.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. The Goldman Sachs Group boosted their target price on shares of Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a report on Thursday, April 11th. TD Cowen increased their price target on Union Pacific from $252.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Raymond James reissued a “strong-buy” rating and issued a $280.00 price objective (up from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.61.

Insiders Place Their Bets

In related news, President Elizabeth F. Whited sold 3,750 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $250.00, for a total transaction of $937,500.00. Following the transaction, the president now directly owns 56,682 shares of the company’s stock, valued at $14,170,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

Union Pacific 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.