Grimes & Company Inc. Raises Holdings in Union Pacific Corporation $UNP

Grimes & Company Inc. boosted its position in Union Pacific Corporation (NYSE:UNP) by 12.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,882 shares of the railroad operator’s stock after acquiring an additional 895 shares during the quarter. Grimes & Company Inc.’s holdings in Union Pacific were worth $1,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LGT Group Foundation grew its holdings in shares of Union Pacific by 9.7% during the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after purchasing an additional 477 shares during the period. Nuveen LLC acquired a new position in Union Pacific during the first quarter valued at approximately $988,822,000. SlateStone Wealth LLC grew its stake in Union Pacific by 6.2% during the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after buying an additional 772 shares during the period. Meadow Creek Wealth Advisors LLC grew its stake in Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock worth $866,000 after buying an additional 359 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Union Pacific by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after acquiring an additional 1,520 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UNP shares. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and lifted their target price for the company from $250.00 to $251.00 in a report on Monday, September 15th. UBS Group set a $253.00 price objective on Union Pacific and gave the company a “neutral” rating in a research report on Friday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Evercore ISI lowered their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. Finally, BMO Capital Markets boosted their price target on Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $260.54.

Union Pacific Stock Up 0.2%

Shares of NYSE UNP opened at $237.33 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The stock’s 50-day simple moving average is $223.83 and its 200-day simple moving average is $224.46. The firm has a market cap of $140.77 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.47 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the firm earned $2.74 EPS. Union Pacific’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio is 47.96%.

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.