Baxter Bros Inc. Sells 1,794 Shares of Union Pacific Corporation $UNP

Baxter Bros Inc. lowered its holdings in Union Pacific Corporation (NYSE:UNP) by 1.7% during the second quarter, Holdings Channel.com reports. The firm owned 102,753 shares of the railroad operator’s stock after selling 1,794 shares during the period. Union Pacific accounts for about 2.9% of Baxter Bros Inc.’s portfolio, making the stock its 10th largest position. Baxter Bros Inc.’s holdings in Union Pacific were worth $23,641,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC raised its position in shares of Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its position in shares of Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Union Pacific during the first quarter worth $32,000. WPG Advisers LLC bought a new stake in shares of Union Pacific during the first quarter worth $33,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.4%

Shares of Union Pacific stock opened at $232.72 on Thursday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The business has a 50-day moving average of $224.14 and a two-hundred day moving average of $224.57. The company has a market capitalization of $138.03 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (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 company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the company earned $2.74 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed 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 2.4%. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific’s payout ratio is currently 47.96%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UNP shares. Sanford C. Bernstein boosted their target price on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Jefferies Financial Group upgraded Union Pacific from a “hold” rating to a “buy” rating and upped their price objective for the company from $250.00 to $285.00 in a report on Friday, July 25th. Royal Bank Of Canada upped their price objective on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Morgan Stanley dropped their price objective on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Finally, Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. 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. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $261.08.

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.