Union Pacific Corporation $UNP Shares Purchased by Mengis Capital Management Inc.

Mengis Capital Management Inc. increased its position in shares of Union Pacific Corporation (NYSE:UNPFree Report) by 50.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,995 shares of the railroad operator’s stock after buying an additional 3,020 shares during the quarter. Mengis Capital Management Inc.’s holdings in Union Pacific were worth $2,081,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in UNP. Bayban acquired a new position in shares of Union Pacific in the 4th quarter valued at $195,000. Pure Financial Advisors LLC boosted its stake in Union Pacific by 11.8% during the 4th quarter. Pure Financial Advisors LLC now owns 3,365 shares of the railroad operator’s stock worth $778,000 after purchasing an additional 356 shares during the period. Rehmann Capital Advisory Group boosted its stake in Union Pacific by 0.6% during the 4th quarter. Rehmann Capital Advisory Group now owns 6,637 shares of the railroad operator’s stock worth $1,535,000 after purchasing an additional 42 shares during the period. SHP Wealth Management purchased a new position in Union Pacific during the 4th quarter worth $95,000. Finally, EJMK Ventures LLC purchased a new position in Union Pacific during the 4th quarter worth $226,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP opened at $257.46 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The stock has a market capitalization of $152.86 billion, a P/E ratio of 21.21, a P/E/G ratio of 2.72 and a beta of 0.97. The company’s fifty day moving average is $263.79 and its two-hundred day moving average is $249.80. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $279.70.

Union Pacific (NYSE:UNPGet Free Report) last released its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter last year, the business earned $2.70 EPS. The business’s revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts predict that Union Pacific Corporation will post 12.55 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio is currently 45.47%.

Insider Buying and Selling

In other Union Pacific news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the transaction, the chief financial officer owned 114,642 shares in the company, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares in the company, valued at $16,605,079.52. The trade was a 30.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,378 shares of company stock valued at $8,781,595 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $289.00 price target (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. Wells Fargo & Company restated an “overweight” rating and issued a $300.00 price target (up from $260.00) on shares of Union Pacific in a research report on Friday, April 24th. Robert W. Baird set a $311.00 price objective on Union Pacific and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, Benchmark increased their price objective on Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $282.21.

Check Out Our Latest Stock Report on Union Pacific

Union Pacific Profile

(Free Report)

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

Further Reading

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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