Grove Bank & Trust Lowers Holdings in Union Pacific Co. (NYSE:UNP)

Grove Bank & Trust trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,041 shares of the railroad operator’s stock after selling 474 shares during the period. Grove Bank & Trust’s holdings in Union Pacific were worth $955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Stockman Wealth Management Inc. lifted its position in shares of Union Pacific by 28.1% in the first quarter. Stockman Wealth Management Inc. now owns 1,506 shares of the railroad operator’s stock valued at $356,000 after acquiring an additional 330 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Union Pacific by 2.2% in the first quarter. QRG Capital Management Inc. now owns 95,226 shares of the railroad operator’s stock worth $22,496,000 after buying an additional 2,092 shares in the last quarter. Highline Wealth Partners LLC lifted its position in shares of Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after buying an additional 59 shares in the last quarter. Sagespring Wealth Partners LLC lifted its position in shares of Union Pacific by 12.7% in the first quarter. Sagespring Wealth Partners LLC now owns 12,649 shares of the railroad operator’s stock worth $2,988,000 after buying an additional 1,424 shares in the last quarter. Finally, Great Lakes Retirement Inc. lifted its position in shares of Union Pacific by 5.4% in the first quarter. Great Lakes Retirement Inc. now owns 7,984 shares of the railroad operator’s stock worth $1,886,000 after buying an additional 407 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Up 0.5%

Shares of NYSE UNP opened at $224.59 on Tuesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. The firm has a market capitalization of $134.19 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.15 and a beta of 1.05. The stock has a 50 day moving average price of $221.23 and a 200 day moving average price of $231.31. Union Pacific Co. has a 52-week low of $204.66 and a 52-week high of $258.07.

Union Pacific (NYSE:UNP) last announced its quarterly 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). The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.69 EPS. Sell-side analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.34 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.39%. Union Pacific’s dividend payout ratio is currently 48.29%.

Analyst Ratings Changes

UNP has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their target price 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. Deutsche Bank Aktiengesellschaft initiated coverage on Union Pacific in a research note on Friday, March 7th. They set a “buy” rating and a $295.00 price objective on the stock. Wells Fargo & Company reduced their price objective on Union Pacific from $265.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. UBS Group reduced their price objective on Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Finally, Argus raised Union Pacific to a “strong-buy” rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.