Mengis Capital Management Inc. Has $1.41 Million Stake in Union Pacific Corporation $UNP

Mengis Capital Management Inc. lifted its stake in Union Pacific Corporation (NYSE:UNP) by 97.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,975 shares of the railroad operator’s stock after buying an additional 2,955 shares during the period. Mengis Capital Management Inc.’s holdings in Union Pacific were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its holdings in shares of Union Pacific by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock worth $532,000 after purchasing an additional 45 shares in the last quarter. Prestige Wealth Management Group LLC raised its stake in Union Pacific by 1.4% in the third quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator’s stock valued at $753,000 after purchasing an additional 45 shares in the last quarter. Hanson & Doremus Investment Management lifted its position in Union Pacific by 2.5% during the third quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock worth $444,000 after purchasing an additional 46 shares during the period. Silver Oak Securities Incorporated grew its stake in Union Pacific by 4.5% during the third quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator’s stock worth $252,000 after buying an additional 46 shares in the last quarter. Finally, CFO4Life Group LLC grew its stake in Union Pacific by 1.2% during the third quarter. CFO4Life Group LLC now owns 3,754 shares of the railroad operator’s stock worth $887,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $266.31 on Thursday. The company’s 50 day moving average price is $243.98 and its two-hundred day moving average price is $232.50. The firm has a market capitalization of $158.03 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.90 and a beta of 0.95. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $268.14. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter in the previous year, the company posted $2.91 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.1%. Union Pacific’s dividend payout ratio (DPR) is currently 46.12%.

Analyst Ratings Changes

UNP has been the subject of several analyst reports. Citigroup restated a “buy” rating and issued a $270.00 target price (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. The Goldman Sachs Group restated a “neutral” rating and set a $267.00 price objective on shares of Union Pacific in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research note on Thursday, December 11th. TD Cowen decreased their price target on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $260.14.

About Union Pacific

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.