WASHINGTON TRUST Co Cuts Position in Union Pacific Corporation (NYSE:UNP)

by · The Cerbat Gem

WASHINGTON TRUST Co decreased its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 11.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,911 shares of the railroad operator’s stock after selling 1,302 shares during the period. WASHINGTON TRUST Co’s holdings in Union Pacific were worth $2,341,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UNP. Insight Inv LLC acquired a new stake in shares of Union Pacific in the 1st quarter worth approximately $2,016,000. Nabity Jensen Investment Management Inc boosted its position in shares of Union Pacific by 2.0% in the 1st quarter. Nabity Jensen Investment Management Inc now owns 2,976 shares of the railroad operator’s stock worth $703,000 after buying an additional 57 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new position in Union Pacific during the 1st quarter valued at about $60,000. Argent Advisors Inc. increased its holdings in Union Pacific by 5.3% during the 1st quarter. Argent Advisors Inc. now owns 7,093 shares of the railroad operator’s stock valued at $1,676,000 after acquiring an additional 356 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in Union Pacific by 2.1% during the first quarter. Ameritas Advisory Services LLC now owns 4,492 shares of the railroad operator’s stock worth $1,036,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on UNP shares. Argus upgraded shares of Union Pacific to a “strong-buy” rating in a research report on Friday, May 16th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Friday, April 25th. Stifel Nicolaus reduced their target price on shares of Union Pacific from $270.00 to $248.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Redburn Atlantic upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 price target for the company in a report on Wednesday, April 16th. Finally, Stephens reduced their price objective on shares of Union Pacific from $275.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.39.

Check Out Our Latest Research Report on UNP

Union Pacific Stock Performance

NYSE:UNP opened at $231.36 on Monday. The firm’s fifty day simple moving average is $222.11 and its 200 day simple moving average is $230.68. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. Union Pacific Corporation has a twelve month low of $100.00 and a twelve month high of $258.07. The firm has a market capitalization of $138.23 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.32 and a beta of 1.05.

Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.03). The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The business’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $2.69 earnings per share. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, May 30th. Union Pacific’s dividend payout ratio is currently 48.29%.

About Union Pacific

(Free Report)

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.

Further Reading

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