Grimes & Company Inc. Increases Position in Union Pacific Corporation $UNP

Grimes & Company Inc. lifted its stake in Union Pacific Corporation (NYSE:UNP) by 12.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,882 shares of the railroad operator’s stock after purchasing an additional 895 shares during the period. Grimes & Company Inc.’s holdings in Union Pacific were worth $1,813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pines Wealth Management LLC raised its holdings in Union Pacific by 1.7% during the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after purchasing an additional 43 shares during the last quarter. Titleist Asset Management LLC increased its position in shares of Union Pacific by 1.1% in the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock valued at $946,000 after buying an additional 44 shares in the last quarter. Five Oceans Advisors raised its stake in shares of Union Pacific by 3.9% during the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after buying an additional 44 shares during the last quarter. Stiles Financial Services Inc raised its stake in shares of Union Pacific by 1.6% during the 1st quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator’s stock worth $700,000 after buying an additional 48 shares during the last quarter. Finally, Avalon Trust Co boosted its position in shares of Union Pacific by 5.1% in the 1st quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator’s stock worth $237,000 after buying an additional 49 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Price Performance

UNP stock opened at $237.33 on Tuesday. The stock has a market capitalization of $140.77 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The stock’s fifty day simple moving average is $223.83 and its 200-day simple moving average is $224.46.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the business posted $2.74 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a $1.38 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific’s dividend payout ratio is 47.96%.

Analyst Upgrades and Downgrades

UNP has been the subject of several recent research reports. Baird R W upgraded shares of Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and raised their price objective for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research note on Saturday, September 27th. Morgan Stanley lowered their target price on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. Finally, Sanford C. Bernstein boosted their price target on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.54.

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.