Ipswich Investment Management Co. Inc. Has $1.78 Million Stock Position in Union Pacific Corporation $UNP

Key Points

• Ipswich Investment Management Co. Inc. reduced its stake in Union Pacific Corporation by 27.8%, resulting in a stock position worth $1.78 million after selling 2,978 shares during the second quarter.
• Union Pacific recently reported quarterly earnings of $3.03 per share, exceeding analysts' estimates and reflecting a 2.4% increase in revenue year-over-year.
• The company announced a quarterly dividend increase to $1.38 per share, representing an annualized dividend of $5.52 and a dividend yield of 2.3%.

Ipswich Investment Management Co. Inc. lowered its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 27.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,753 shares of the railroad operator's stock after selling 2,978 shares during the quarter. Ipswich Investment Management Co. Inc.'s holdings in Union Pacific were worth $1,784,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in UNP. Highline Wealth Partners LLC raised its stake in Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after buying an additional 59 shares during the period. CBIZ Investment Advisory Services LLC raised its stake in Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock worth $28,000 after buying an additional 112 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific during the 1st quarter worth $32,000. WPG Advisers LLC acquired a new stake in Union Pacific during the 1st quarter worth $33,000. Finally, Cornerstone Planning Group LLC raised its stake in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on UNP. Morgan Stanley dropped their price objective on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 price objective on shares of Union Pacific in a research note on Monday, June 2nd. Baird R W raised Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Wells Fargo & Company increased their target price on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Susquehanna reiterated a "positive" rating and set a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of "Moderate Buy" and an average target price of $260.00.

Union Pacific Price Performance

UNP stock opened at $235.14 on Friday. The stock has a 50-day moving average price of $222.73 and a two-hundred day moving average price of $224.63. The stock has a market cap of $139.45 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 2.42 and a beta of 1.03. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 EPS. Equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is 47.96%.

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.

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