Ipswich Investment Management Co. Inc. Sells 6,567 Shares of Union Pacific Co. (NYSE:UNP)

Ipswich Investment Management Co. Inc. trimmed its position in Union Pacific Co. (NYSE:UNP - Free Report) by 38.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,731 shares of the railroad operator's stock after selling 6,567 shares during the quarter. Ipswich Investment Management Co. Inc.'s holdings in Union Pacific were worth $2,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in UNP. CVA Family Office LLC grew its position in Union Pacific by 4.3% during the first quarter. CVA Family Office LLC now owns 3,157 shares of the railroad operator's stock worth $746,000 after buying an additional 129 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in Union Pacific by 9.1% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,544 shares of the railroad operator's stock valued at $837,000 after purchasing an additional 295 shares during the last quarter. Everhart Financial Group Inc. boosted its holdings in shares of Union Pacific by 45.7% in the 1st quarter. Everhart Financial Group Inc. now owns 2,387 shares of the railroad operator's stock worth $564,000 after acquiring an additional 749 shares in the last quarter. Bar Harbor Wealth Management grew its holdings in shares of Union Pacific by 0.4% during the first quarter. Bar Harbor Wealth Management now owns 45,846 shares of the railroad operator's stock worth $10,831,000 after purchasing an additional 181 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC raised its stake in shares of Union Pacific by 1.1% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 4,892 shares of the railroad operator's stock worth $1,156,000 after acquiring an additional 55 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Redburn Atlantic raised shares of Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price for the company in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Union Pacific in a report on Friday, March 7th. They set a "buy" rating and a $295.00 target price for the company. Bank of America increased their target price on shares of Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a report on Friday, May 16th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a research report on Monday, June 2nd. Finally, Stephens lowered their price target on Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $257.74.

Union Pacific Price Performance

Union Pacific stock traded down $2.32 during midday trading on Friday, reaching $223.17. The company's stock had a trading volume of 1,670,100 shares, compared to its average volume of 2,682,977. The business has a 50-day moving average price of $220.90 and a 200-day moving average price of $231.64. The stock has a market cap of $133.34 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a 52 week low of $204.66 and a 52 week 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.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.03). The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The firm's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.69 earnings per share. On average, sell-side analysts predict that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 annualized dividend and a yield of 2.40%. Union Pacific's dividend payout ratio is currently 48.29%.

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.