Penobscot Investment Management Company Inc. trimmed its holdings in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,210 shares of the railroad operator’s stock after selling 388 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Union Pacific were worth $4,964,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Duff & Phelps Investment Management Co. boosted its holdings in Union Pacific by 130.0% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 129,566 shares of the railroad operator’s stock worth $31,824,000 after buying an additional 73,225 shares in the last quarter. Field & Main Bank lifted its position in shares of Union Pacific by 1.9% in the 4th quarter. Field & Main Bank now owns 6,872 shares of the railroad operator’s stock valued at $1,688,000 after acquiring an additional 130 shares in the last quarter. Ledyard National Bank lifted its position in shares of Union Pacific by 24.8% in the 4th quarter. Ledyard National Bank now owns 6,536 shares of the railroad operator’s stock valued at $1,605,000 after acquiring an additional 1,300 shares in the last quarter. Steele Capital Management Inc. purchased a new stake in shares of Union Pacific in the 4th quarter valued at approximately $530,000. Finally, Naviter Wealth LLC lifted its position in shares of Union Pacific by 24.9% in the 4th quarter. Naviter Wealth LLC now owns 4,491 shares of the railroad operator’s stock valued at $1,103,000 after acquiring an additional 896 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.
Union Pacific Stock Down 1.5 %
Shares of Union Pacific stock traded down $3.52 during midday trading on Tuesday, reaching $237.43. 498,354 shares of the company’s stock traded hands, compared to its average volume of 2,303,483. The company has a market cap of $144.86 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.61 and a beta of 1.07. The company’s 50 day simple moving average is $244.15 and its 200 day simple moving average is $235.56. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.93. Union Pacific Co. has a 52 week low of $190.71 and a 52 week high of $258.66.
Union Pacific Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 29th were paid a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $5.20 dividend on an annualized basis and a yield of 2.19%. Union Pacific’s payout ratio is presently 49.62%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on UNP shares. Benchmark upped their price target on shares of Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. The Goldman Sachs Group upped their price target on shares of Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley upped their price target on shares of Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday. StockNews.com upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research report on Friday. Finally, BMO Capital Markets increased their target price on shares of Union Pacific from $270.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.78.
Get Our Latest Research Report on UNP
Insider Activity at Union Pacific
In related news, President Elizabeth F. Whited sold 3,750 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the transaction, the president now directly owns 56,682 shares in the company, valued at approximately $14,170,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by company insiders.
About Union Pacific
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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