Hengehold Capital Management LLC Trims Stake in Union Pacific Co. (NYSE:UNP)

Hengehold Capital Management LLC lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,249 shares of the railroad operator’s stock after selling 71 shares during the quarter. Hengehold Capital Management LLC’s holdings in Union Pacific were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of UNP. Norges Bank bought a new stake in Union Pacific during the fourth quarter worth about $1,832,127,000. Capital Research Global Investors boosted its stake in Union Pacific by 23.1% during the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock worth $1,682,931,000 after acquiring an additional 1,285,144 shares in the last quarter. Winslow Capital Management LLC bought a new stake in Union Pacific during the fourth quarter worth about $293,162,000. The Manufacturers Life Insurance Company boosted its stake in Union Pacific by 65.5% during the third quarter. The Manufacturers Life Insurance Company now owns 2,348,496 shares of the railroad operator’s stock worth $478,224,000 after acquiring an additional 929,495 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Union Pacific by 331.7% in the fourth quarter. Cerity Partners LLC now owns 1,143,298 shares of the railroad operator’s stock worth $280,817,000 after buying an additional 878,490 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

UNP stock traded up $2.19 during midday trading on Friday, reaching $225.66. 1,139,564 shares of the company’s stock traded hands, compared to its average volume of 2,296,269. The stock’s 50-day moving average is $233.55 and its 200 day moving average is $240.40. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The stock has a market cap of $137.68 billion, a P/E ratio of 21.32, a PEG ratio of 1.82 and a beta of 1.05. Union Pacific Co. has a 52-week low of $199.33 and a 52-week high of $258.66.

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

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $1.30 per share. The ex-dividend date is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.30%. Union Pacific’s dividend payout ratio is 49.62%.

Analysts Set New Price Targets

UNP has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on shares of Union Pacific in a research note on Friday, June 7th. They issued an “overweight” rating and a $270.00 target price on the stock. Raymond James reiterated a “strong-buy” rating and issued a $280.00 target price (up previously from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and dropped their target price for the stock from $276.00 to $238.00 in a research note on Monday, June 17th. The Goldman Sachs Group upped their target price 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. Finally, StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Eight 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. According to data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $258.92.

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.