Bar Harbor Wealth Management Buys 181 Shares of Union Pacific Co. (NYSE:UNP)

Bar Harbor Wealth Management lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 0.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,846 shares of the railroad operator’s stock after purchasing an additional 181 shares during the quarter. Bar Harbor Wealth Management’s holdings in Union Pacific were worth $10,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. EnRich Financial Partners LLC acquired a new stake in Union Pacific during the 4th quarter worth approximately $31,000. PrairieView Partners LLC acquired a new stake in Union Pacific during the 4th quarter worth approximately $34,000. Strategic Investment Solutions Inc. IL boosted its position in Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock worth $39,000 after buying an additional 45 shares during the period. Kentucky Trust Co acquired a new stake in Union Pacific during the 4th quarter worth approximately $40,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Union Pacific during the 4th quarter worth approximately $45,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Down 0.2%

Union Pacific stock opened at $225.30 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 12-month low of $204.66 and a 12-month high of $258.07. The firm’s fifty day moving average is $220.59 and its 200 day moving average is $231.80. The company has a market capitalization of $134.61 billion, a PE ratio of 20.32, a PEG ratio of 2.15 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the previous year, the firm earned $2.69 EPS. The firm’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts predict that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.38%. Union Pacific’s payout ratio is presently 48.29%.

Analyst Upgrades and Downgrades

Several research firms recently commented on UNP. Jefferies Financial Group cut their target price on shares of Union Pacific from $255.00 to $230.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Redburn Atlantic upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 target price on the stock in a research report on Wednesday, April 16th. Susquehanna cut their target price on shares of Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Argus upgraded shares of Union Pacific to a “strong-buy” rating in a research report on Friday, May 16th. Finally, Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $260.00 to $244.00 in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $257.74.

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.