Mogy Joel R Investment Counsel Inc. Sells 14,111 Shares of Union Pacific Co. (NYSE:UNP)

Mogy Joel R Investment Counsel Inc. trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 30.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,673 shares of the railroad operator’s stock after selling 14,111 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Union Pacific were worth $7,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of UNP. Allred Capital Management LLC increased its position in Union Pacific by 0.5% during the fourth quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator’s stock valued at $1,904,000 after acquiring an additional 40 shares during the last quarter. Palogic Value Management L.P. grew its stake in shares of Union Pacific by 1.5% during the 4th quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator’s stock valued at $644,000 after purchasing an additional 42 shares during the period. Mystic Asset Management Inc. increased its position in shares of Union Pacific by 2.0% during the 4th quarter. Mystic Asset Management Inc. now owns 2,309 shares of the railroad operator’s stock valued at $527,000 after purchasing an additional 45 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in shares of Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock worth $39,000 after purchasing an additional 45 shares during the period. Finally, Ironwood Investment Counsel LLC lifted its stake in shares of Union Pacific by 1.3% in the 4th quarter. Ironwood Investment Counsel LLC now owns 3,458 shares of the railroad operator’s stock worth $789,000 after purchasing an additional 46 shares during the period. 80.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Argus upgraded shares of Union Pacific to a “strong-buy” rating in a research report on Friday, May 16th. UBS Group dropped their price target on shares of Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Raymond James reissued a “strong-buy” rating on shares of Union Pacific in a research report on Friday, April 25th. Stephens decreased their target price on Union Pacific from $275.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, Jefferies Financial Group lowered their target price on Union Pacific from $255.00 to $230.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.74.

Union Pacific Stock Down 0.4%

NYSE UNP opened at $225.70 on Thursday. Union Pacific Co. has a 12 month low of $204.66 and a 12 month high of $258.07. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a market cap of $134.85 billion, a PE ratio of 20.35, a P/E/G ratio of 2.15 and a beta of 1.05. The stock’s 50 day moving average is $220.28 and its 200 day moving average is $231.96.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the previous year, the business earned $2.69 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. Research analysts predict that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $1.34 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.37%. Union Pacific’s dividend payout ratio is currently 48.29%.

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.