MidWestOne Financial Group Inc. has $541,000 position in Union Pacific Co. (NYSE:UNP)

MidWestOne Financial Group Inc. reduced its holdings in Union Pacific Co. (NYSE:UNP – Free Report) by 2.1% in the second quarter, HoldingsChannel.com reports. The firm owned 2,391 shares of the railroad operator’s stock after selling 51 shares during the quarter. Holdings of MidWestOne Financial Group Inc. in Union Pacific were worth $541,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Texas Capital Bank Wealth Management Services Inc purchased a new position in Union Pacific in the second quarter valued at $289,000. Kathmere Capital Management LLC boosted its holdings in Union Pacific by 2.6% in the 2nd quarter. Kathmere Capital Management LLC now owns 5,207 shares of the railroad operator’s stock worth $1,178,000 after acquiring an additional 133 shares in the the last quarter. Security National Bank of SO Dak boosted its holdings in Union Pacific by 1.3% during the 2nd quarter. Security National Bank of SO Dak now owns 11,347 shares of the railroad operator’s stock worth $2,567,000 after acquired another 150 shares in the last quarter. Shellback Capital LP boosted its holdings in Union Pacific by 28.2% in the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Union Pacific by 2.1% in the second quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock worth $1,350,924,000 after purchasing an additional 124,571 shares in the last quarter. 80.38% of the shares are held by hedge funds and other institutional investors.

Changes in Analyst Ratings

A number of research firms have recently commented on UNP. Daiwa America lowered Union Pacific from a “moderate-buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein cut their price target on Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and cut their price target for the stock from $254.00 to $247.00 in a research note on Wednesday. Benchmark reiterated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research note on Monday, July 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $275.00 target price on shares of Union Pacific in a research note on Friday, September 20th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $258.11.

Check out our latest research report on UNP

Union Pacific trading rose 0.4%

Shares of UNP stock opened at $244.22 on Friday. Union Pacific Co. has a twelve month low of $199.33 and a twelve month 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 stock has a market cap of $148.78 billion, a PE ratio of 23.30, a P/E/G ratio of 2.26 and a beta of 1.05. The company’s 50-day moving average price is $245.80 and its 200-day moving average price is $238.89.

Union Pacific (NYSE:UNP – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. In the same quarter last year, the company earned $2.57 per share. Union Pacific’s revenue rose 0.7% year-over-year. On average, equities analysts expect that Union Pacific Co. will post 11.11 EPS for the current fiscal year.

Union Pacific has increased its dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a dividend of $1.34 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, August 30. This represents an annualized dividend of $5.36 and a dividend yield of 2.19%. Union Pacific’s payout ratio is currently 51.15%.

Domestic transactions at Union Pacific

In other news, Chairman Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the chairman now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. 0.28% of shares are held by insiders.

Union Pacific Profile

(Free report)

Union Pacific Corporation, through its subsidiary Union Pacific Railroad Company, operates railroads in the United States. The Company provides transportation services for grain and grain products, fertilizer, food and refrigerated products, as well as 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, specialty products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, auto parts, and intermodal containerized cargo.

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