Penobscot Investment Management Company Inc. Reduces Stock Position in Union Pacific Corporation $UNP

Penobscot Investment Management Company Inc. cut its stake in Union Pacific Corporation (NYSE:UNP) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,865 shares of the railroad operator’s stock after selling 186 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Union Pacific were worth $3,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Wells Trecaso Financial Group LLC grew its position in shares of Union Pacific by 0.6% in the second quarter. Wells Trecaso Financial Group LLC now owns 24,469 shares of the railroad operator’s stock valued at $5,630,000 after purchasing an additional 146 shares in the last quarter. Sava Infond d.o.o. grew its position in Union Pacific by 12.0% in the second quarter. Sava Infond d.o.o. now owns 10,140 shares of the railroad operator’s stock worth $2,333,000 after acquiring an additional 1,090 shares during the period. LGT Fund Management Co Ltd. purchased a new position in Union Pacific in the second quarter worth approximately $744,000. 111 Capital grew its position in Union Pacific by 31.3% in the second quarter. 111 Capital now owns 6,387 shares of the railroad operator’s stock worth $1,470,000 after acquiring an additional 1,524 shares during the period. Finally, Ameriflex Group Inc. grew its position in Union Pacific by 1.8% in the second quarter. Ameriflex Group Inc. now owns 11,095 shares of the railroad operator’s stock worth $2,545,000 after acquiring an additional 195 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UNP has been the subject of several analyst reports. Baird R W upgraded Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and increased their price objective for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. BMO Capital Markets increased their price objective on Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price objective on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.54.

Union Pacific Trading Up 0.9%

UNP opened at $236.60 on Friday. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The business has a fifty day simple moving average of $223.67 and a 200-day simple moving average of $224.59. The firm has a market cap of $140.33 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.44 and a beta of 1.07. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

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

Union Pacific Increases Dividend

The company 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. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

Union Pacific Company 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.