New England Research & Management Inc. Has $2.05 Million Position in Union Pacific Co. (NYSE:UNP)

New England Research & Management Inc. lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,329 shares of the railroad operator’s stock after selling 282 shares during the period. New England Research & Management Inc.’s holdings in Union Pacific were worth $2,048,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kathmere Capital Management LLC increased its stake in Union Pacific by 7.5% during the 1st quarter. Kathmere Capital Management LLC now owns 5,074 shares of the railroad operator’s stock worth $1,248,000 after acquiring an additional 356 shares during the period. DeDora Capital Inc. increased its stake in Union Pacific by 16.6% during the 1st quarter. DeDora Capital Inc. now owns 8,932 shares of the railroad operator’s stock worth $2,197,000 after acquiring an additional 1,269 shares during the period. Capital Asset Advisory Services LLC increased its stake in Union Pacific by 14.3% during the 1st quarter. Capital Asset Advisory Services LLC now owns 8,752 shares of the railroad operator’s stock worth $2,118,000 after acquiring an additional 1,095 shares during the period. Artemis Investment Management LLP increased its stake in Union Pacific by 0.4% during the 1st quarter. Artemis Investment Management LLP now owns 45,852 shares of the railroad operator’s stock worth $11,270,000 after acquiring an additional 176 shares during the period. Finally, Indiana Trust & Investment Management CO increased its stake in Union Pacific by 11.1% during the 1st quarter. Indiana Trust & Investment Management CO now owns 672 shares of the railroad operator’s stock worth $165,000 after acquiring an additional 67 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UNP. The Goldman Sachs Group lifted their price target on Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Susquehanna decreased their price target on Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley lifted their price target on Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and decreased their price target for the company from $276.00 to $238.00 in a research note on Monday, June 17th. Finally, JPMorgan Chase & Co. lifted their price target on Union Pacific from $237.00 to $243.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Eight 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.92.

Union Pacific Stock Up 1.3 %

Shares of UNP opened at $226.27 on Friday. The company has a market capitalization of $138.05 billion, a PE ratio of 21.59, a PEG ratio of 1.82 and a beta of 1.05. Union Pacific Co. has a 12 month low of $199.33 and a 12 month high of $258.66. The stock’s 50-day moving average price is $233.31 and its two-hundred day moving average price is $240.24. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, topping the consensus estimate of $2.50 by $0.19. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.67 EPS. On average, analysts anticipate that Union Pacific Co. will post 11.25 EPS for the current year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, May 31st. Union Pacific’s dividend payout ratio is 49.62%.

Union Pacific 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.