Union Pacific Co. (NYSE:UNP) Shares Sold by Mengis Capital Management Inc.

Mengis Capital Management Inc. decreased its stake in Union Pacific Co. (NYSE:UNPFree Report) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,755 shares of the railroad operator’s stock after selling 200 shares during the quarter. Mengis Capital Management Inc.’s holdings in Union Pacific were worth $561,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BluePath Capital Management LLC acquired a new stake in shares of Union Pacific in the third quarter valued at about $25,000. Meitav Investment House Ltd. acquired a new stake in shares of Union Pacific in the second quarter valued at about $27,000. Coppell Advisory Solutions Corp. acquired a new position in Union Pacific during the fourth quarter worth about $32,000. Tyler Stone Wealth Management acquired a new position in Union Pacific during the second quarter worth about $33,000. Finally, IMA Wealth Inc. acquired a new position in Union Pacific during the second quarter worth about $37,000. Institutional investors and hedge funds own 77.36% of the company’s stock.

Union Pacific Stock Down 0.8 %

Shares of NYSE:UNP traded down $2.05 during trading hours on Monday, reaching $247.40. The stock had a trading volume of 2,251,341 shares, compared to its average volume of 2,435,888. Union Pacific Co. has a 1 year low of $183.69 and a 1 year high of $251.65. The firm’s 50 day moving average is $241.15 and its 200-day moving average is $224.92. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.57 and a current ratio of 0.81. The stock has a market capitalization of $150.82 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.71 and a beta of 1.08.

Union Pacific (NYSE:UNPGet Free Report) last issued its earnings results on Thursday, January 25th. The railroad operator reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.15. Union Pacific had a net margin of 26.45% and a return on equity of 46.87%. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the prior year, the business posted $2.67 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. Research analysts predict that Union Pacific Co. will post 10.96 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 29th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, February 28th. Union Pacific’s payout ratio is 49.71%.

Insider Activity

In other Union Pacific news, CEO Vincenzo J. Vena purchased 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price of $222.00 per share, for a total transaction of $999,000.00. Following the purchase, the chief executive officer now directly owns 5,106 shares in the company, valued at $1,133,532. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Vincenzo J. Vena purchased 4,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average price of $222.00 per share, for a total transaction of $999,000.00. Following the acquisition, the chief executive officer now directly owns 5,106 shares of the company’s stock, valued at approximately $1,133,532. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jennifer L. Hamann sold 1,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $235.00, for a total transaction of $235,000.00. Following the completion of the transaction, the chief financial officer now owns 98,297 shares of the company’s stock, valued at approximately $23,099,795. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on UNP. JPMorgan Chase & Co. lowered their price target on shares of Union Pacific from $239.00 to $237.00 and set a “neutral” rating on the stock in a research report on Friday, January 26th. Royal Bank of Canada lowered their price target on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Benchmark reiterated a “buy” rating and issued a $260.00 target price on shares of Union Pacific in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and boosted their target price for the company from $223.00 to $235.00 in a report on Friday, October 20th. Finally, TD Cowen boosted their target price on shares of Union Pacific from $228.00 to $251.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average target price of $249.67.

View Our Latest Analysis on UNP

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

See Also

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

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