Mengis Capital Management Inc. Acquires 100 Shares of Union Pacific Corporation (NYSE:UNP)

Mengis Capital Management Inc. boosted its holdings in Union Pacific Corporation (NYSE:UNP) by 3.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,950 shares of the railroad operator’s stock after purchasing an additional 100 shares during the quarter. Mengis Capital Management Inc.’s holdings in Union Pacific were worth $697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its position in Union Pacific by 27,502.8% during the 1st quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator’s stock valued at $588,510,000 after buying an additional 2,482,126 shares in the last quarter. Capital Research Global Investors boosted its holdings in Union Pacific by 14.3% in the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator’s stock worth $2,370,559,000 after acquiring an additional 1,298,178 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Union Pacific by 35.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator’s stock worth $1,133,053,000 after acquiring an additional 1,294,643 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Union Pacific during the fourth quarter valued at $273,361,000. Finally, Northern Trust Corp raised its position in shares of Union Pacific by 15.2% in the 4th quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator’s stock worth $1,587,763,000 after purchasing an additional 920,414 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on UNP shares. Bank of America increased their price objective on shares of Union Pacific from $256.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Robert W. Baird began coverage on shares of Union Pacific in a report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price target on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Stifel Nicolaus lowered their price objective on Union Pacific from $270.00 to $248.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Evercore ISI cut their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research note on Friday, July 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.21.

Union Pacific Price Performance

Shares of NYSE UNP opened at $222.16 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The stock has a market cap of $131.75 billion, a P/E ratio of 19.30, a P/E/G ratio of 2.30 and a beta of 1.05. The stock has a 50 day moving average of $227.09 and a two-hundred day moving average of $230.93. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company earned $2.74 earnings per share. On average, research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. Union Pacific’s payout ratio is currently 46.57%.

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.