Harbor Investment Advisory LLC Cuts Position in Union Pacific Co. (NYSE:UNP)

Harbor Investment Advisory LLC lessened its position in shares of Union Pacific Co. (NYSE:UNPFree Report) by 0.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,046 shares of the railroad operator’s stock after selling 55 shares during the period. Harbor Investment Advisory LLC’s holdings in Union Pacific were worth $1,979,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Silver Oak Advisory Group Inc. purchased a new stake in shares of Union Pacific during the 4th quarter worth approximately $219,000. Personal CFO Solutions LLC boosted its stake in Union Pacific by 39.3% in the third quarter. Personal CFO Solutions LLC now owns 1,407 shares of the railroad operator’s stock valued at $287,000 after acquiring an additional 397 shares in the last quarter. Allegheny Financial Group LTD grew its holdings in shares of Union Pacific by 22.5% during the fourth quarter. Allegheny Financial Group LTD now owns 10,885 shares of the railroad operator’s stock worth $2,674,000 after purchasing an additional 2,000 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Union Pacific during the fourth quarter worth about $238,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Union Pacific by 46.9% in the 4th quarter. Nordea Investment Management AB now owns 87,905 shares of the railroad operator’s stock valued at $21,596,000 after purchasing an additional 28,052 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on UNP shares. The Goldman Sachs Group increased their price target on shares of Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Jefferies Financial Group began coverage on Union Pacific in a research note on Monday, April 8th. They set a “hold” rating and a $250.00 price objective for the company. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Morgan Stanley increased their price target on Union Pacific from $198.00 to $210.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Finally, Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and dropped their price objective for the company from $276.00 to $238.00 in a research note on Monday, June 17th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.75.

Check Out Our Latest Research Report on Union Pacific

Union Pacific Price Performance

UNP traded up $0.25 during midday trading on Monday, reaching $226.36. 2,407,555 shares of the company’s stock were exchanged, compared to its average volume of 2,305,512. The business’s 50-day moving average price is $233.96 and its 200 day moving average price is $240.60. The stock has a market capitalization of $138.11 billion, a PE ratio of 21.58, a P/E/G ratio of 1.83 and a beta of 1.05. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.76.

Union Pacific (NYSE:UNPGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.67 earnings per share. As a group, equities analysts anticipate that Union Pacific Co. will post 11.25 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 annualized dividend and a yield of 2.30%. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

About Union Pacific

(Free Report)

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.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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