Means Investment CO. Inc. Reduces Stock Holdings in Union Pacific Corporation $UNP

Means Investment CO. Inc. reduced its position in shares of Union Pacific Corporation (NYSE:UNP) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,147 shares of the railroad operator’s stock after selling 160 shares during the quarter. Means Investment CO. Inc.’s holdings in Union Pacific were worth $494,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Pines Wealth Management LLC raised its position in Union Pacific by 1.7% in the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after acquiring an additional 43 shares during the period. Titleist Asset Management LLC increased its stake in shares of Union Pacific by 1.1% in the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after purchasing an additional 44 shares in the last quarter. Five Oceans Advisors increased its stake in shares of Union Pacific by 3.9% in the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after purchasing an additional 44 shares in the last quarter. Stiles Financial Services Inc raised its holdings in Union Pacific by 1.6% in the 1st quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator’s stock worth $700,000 after purchasing an additional 48 shares during the period. Finally, Avalon Trust Co lifted its position in Union Pacific by 5.1% during the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator’s stock valued at $237,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

NYSE:UNP opened at $225.54 on Friday. The business’s 50-day moving average is $224.45 and its 200 day moving average is $224.38. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a market capitalization of $133.77 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.34 and a beta of 1.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

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

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a $1.38 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. Union Pacific’s payout ratio is presently 47.96%.

Analysts Set New Price Targets

A number of brokerages have commented on UNP. Evercore ISI reduced their price target on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research report on Friday, July 25th. Wells Fargo & Company increased their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. BMO Capital Markets lifted their price target on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “neutral” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.08.

Union Pacific Company 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.