Bar Harbor Wealth Management Sells 4,670 Shares of Union Pacific Corporation $UNP

Key Points

• Bar Harbor Wealth Management trimmed its UNP stake by 10.1%, selling 4,670 shares and leaving 41,645 shares worth about $9.63 million as of the 13F filing.
• Union Pacific EVP Eric J. Gehringer sold 1,999 shares at an average price of $234.93 for roughly $469,625; insiders own about 0.28% of the company.
• Union Pacific missed quarterly EPS estimates (reported $2.86 vs. $2.92 expected), pays a $1.38 quarterly dividend (annualized $5.52, ~2.2% yield), and carries a MarketBeat consensus rating of "Moderate Buy" with an average target of $265.86.

Bar Harbor Wealth Management trimmed its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,645 shares of the railroad operator's stock after selling 4,670 shares during the period. Bar Harbor Wealth Management's holdings in Union Pacific were worth $9,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UNP. Acadian Asset Management LLC raised its holdings in Union Pacific by 40.4% in the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator's stock worth $546,000 after purchasing an additional 665 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in Union Pacific by 0.5% in the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator's stock worth $4,741,000 after purchasing an additional 102 shares in the last quarter. Nebula Research & Development LLC raised its holdings in Union Pacific by 222.6% in the second quarter. Nebula Research & Development LLC now owns 10,469 shares of the railroad operator's stock worth $2,409,000 after purchasing an additional 7,224 shares in the last quarter. Faithward Advisors LLC raised its holdings in Union Pacific by 9.6% in the second quarter. Faithward Advisors LLC now owns 2,052 shares of the railroad operator's stock worth $472,000 after purchasing an additional 179 shares in the last quarter. Finally, ICW Investment Advisors LLC raised its holdings in Union Pacific by 6.0% in the second quarter. ICW Investment Advisors LLC now owns 5,570 shares of the railroad operator's stock worth $1,282,000 after purchasing an additional 316 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 1,999 shares of the firm's stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $234.93, for a total value of $469,625.07. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.28% of the company's stock.

Union Pacific Trading Down 0.1%

Shares of NYSE:UNP opened at $250.81 on Friday. The stock has a market capitalization of $148.83 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 3.02 and a beta of 0.96. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. The stock's 50-day simple moving average is $251.43 and its two-hundred day simple moving average is $236.85. Union Pacific Corporation has a 52-week low of $206.63 and a 52-week high of $268.14.

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

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, February 27th. Union Pacific's dividend payout ratio (DPR) is presently 46.12%.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of research reports. BMO Capital Markets reiterated a "market perform" rating and issued a $295.00 price objective on shares of Union Pacific in a report on Thursday, February 19th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $267.00 price objective on shares of Union Pacific in a report on Tuesday, January 27th. Robert W. Baird set a $311.00 price objective on Union Pacific and gave the stock an "outperform" rating in a report on Friday, March 6th. Evercore upgraded Union Pacific from an "in-line" rating to an "outperform" rating and set a $262.00 price target for the company in a report on Thursday, March 19th. Finally, JPMorgan Chase & Co. reduced their price target on Union Pacific from $270.00 to $265.00 and set a "neutral" rating for the company in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $265.86.

Union Pacific Company Profile

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.

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