Hemenway Trust Co LLC Has $6.49 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Hemenway Trust Co LLC decreased its stake in shares of Union Pacific Co. (NYSE:UNP) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,393 shares of the railroad operator’s stock after selling 85 shares during the period. Hemenway Trust Co LLC’s holdings in Union Pacific were worth $6,491,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OLD Point Trust & Financial Services N A acquired a new position in Union Pacific during the 4th quarter worth about $25,000. Richardson Capital Management LLC acquired a new position in Union Pacific during the 1st quarter valued at about $26,000. Raleigh Capital Management Inc. lifted its position in Union Pacific by 211.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 74 shares during the period. Valued Wealth Advisors LLC acquired a new position in Union Pacific during the 4th quarter valued at about $28,000. Finally, Scarborough Advisors LLC acquired a new position in Union Pacific during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Up 1.9 %

Shares of UNP traded up $4.25 during mid-day trading on Thursday, hitting $228.66. 1,517,926 shares of the company’s stock were exchanged, compared to its average volume of 2,271,542. The company has a market cap of $139.51 billion, a PE ratio of 21.82, a P/E/G ratio of 1.90 and a beta of 1.06. Union Pacific Co. has a 52 week low of $199.33 and a 52 week high of $258.66. The company has a 50-day simple moving average of $231.01 and a 200 day simple moving average of $239.30. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.76.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.19. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same period last year, the business earned $2.67 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. On average, research analysts forecast that Union Pacific Co. will post 11.22 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.27%. Union Pacific’s dividend payout ratio is presently 49.62%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UNP shares. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Susquehanna cut their price target on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 25th. Jefferies Financial Group started coverage on shares of Union Pacific in a research report on Monday, April 8th. They issued a “hold” rating and a $250.00 price target on the stock. Raymond James reiterated a “strong-buy” rating and issued a $280.00 price target (up from $275.00) on shares of Union Pacific in a research report on Friday, April 26th. Finally, Sanford C. Bernstein cut their price target on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research report on Monday. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $258.63.

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.