Mogy Joel R Investment Counsel Inc. Decreases Stake in Union Pacific Co. (NYSE:UNP)

Mogy Joel R Investment Counsel Inc. lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 30.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,673 shares of the railroad operator’s stock after selling 14,111 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Union Pacific were worth $7,719,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. EnRich Financial Partners LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth approximately $31,000. PrairieView Partners LLC bought a new stake in Union Pacific in the fourth quarter worth $34,000. Strategic Investment Solutions Inc. IL increased its position in Union Pacific by 38.8% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock worth $39,000 after purchasing an additional 45 shares during the last quarter. Kentucky Trust Co purchased a new stake in Union Pacific during the fourth quarter valued at $40,000. Finally, Stonebridge Financial Group LLC bought a new position in Union Pacific during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.4%

NYSE:UNP opened at $225.70 on Thursday. The company has a market cap of $134.85 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a twelve month low of $204.66 and a twelve month high of $258.07. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The stock has a fifty day simple moving average of $220.28 and a 200-day simple moving average of $231.96.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 EPS. Analysts anticipate that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, May 30th. Union Pacific’s dividend payout ratio is presently 48.29%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UNP. UBS Group reduced their target price on shares of Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Raymond James reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Friday, April 25th. Jefferies Financial Group dropped their price target on Union Pacific from $255.00 to $230.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $260.00 to $244.00 in a research report on Tuesday, April 8th. Finally, Argus upgraded Union Pacific to a “strong-buy” rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $257.74.

Union Pacific 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.