Harbour Trust & Investment Management Co Makes New $203,000 Investment in Union Pacific Corporation (NYSE:UNP)

Harbour Trust & Investment Management Co acquired a new stake in shares of Union Pacific Corporation (NYSE:UNP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 860 shares of the railroad operator’s stock, valued at approximately $203,000.

Other hedge funds have also made changes to their positions in the company. Highline Wealth Partners LLC grew its holdings in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. EnRich Financial Partners LLC acquired a new position in Union Pacific in the 4th quarter valued at $31,000. Strategic Investment Solutions Inc. IL grew its stake in Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock valued at $39,000 after buying an additional 45 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in Union Pacific in the 1st quarter worth $60,000. Finally, Meeder Asset Management Inc. lifted its position in Union Pacific by 223.2% during the 4th quarter. Meeder Asset Management Inc. now owns 307 shares of the railroad operator’s stock worth $70,000 after acquiring an additional 212 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

NYSE:UNP opened at $235.61 on Wednesday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.61 and a current ratio of 0.73. The company has a 50-day moving average of $222.77 and a 200-day moving average of $230.68. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $258.07. The company has a market capitalization of $140.77 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 2.31 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company earned $2.69 EPS. As a group, equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were issued a $1.34 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.27%. Union Pacific’s payout ratio is presently 48.29%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Baird R W raised Union Pacific to a “hold” rating in a research report on Tuesday. Stifel Nicolaus decreased their target price on Union Pacific from $270.00 to $248.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Stephens lowered their target price on Union Pacific from $275.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Susquehanna upgraded Union Pacific from a “neutral” rating to a “positive” rating and upped their price target for the stock from $245.00 to $260.00 in a report on Tuesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Union Pacific in a research report on Friday, March 7th. They issued a “buy” rating and a $295.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $256.91.

About Union Pacific

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.