K.J. Harrison & Partners Inc Sells 7,890 Shares of Union Pacific Corporation (NYSE:UNP)

K.J. Harrison & Partners Inc lessened its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 45.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,350 shares of the railroad operator's stock after selling 7,890 shares during the period. K.J. Harrison & Partners Inc's holdings in Union Pacific were worth $2,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Allred Capital Management LLC raised its stake in Union Pacific by 0.5% in the 4th quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator's stock valued at $1,904,000 after acquiring an additional 40 shares during the period. Palogic Value Management L.P. increased its position in Union Pacific by 1.5% during the 4th quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator's stock worth $644,000 after buying an additional 42 shares during the period. Mystic Asset Management Inc. increased its position in Union Pacific by 2.0% during the 4th quarter. Mystic Asset Management Inc. now owns 2,309 shares of the railroad operator's stock worth $527,000 after buying an additional 45 shares during the period. Strategic Investment Solutions Inc. IL increased its position in Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after buying an additional 45 shares during the period. Finally, Ironwood Investment Counsel LLC increased its position in Union Pacific by 1.3% during the 4th quarter. Ironwood Investment Counsel LLC now owns 3,458 shares of the railroad operator's stock worth $789,000 after buying an additional 46 shares during the period. Institutional investors own 80.38% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on UNP. Barclays lowered their price objective on Union Pacific from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. UBS Group lowered their price objective on Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group reiterated a "neutral" rating and set a $263.00 price objective on shares of Union Pacific in a research report on Monday, June 2nd. Wells Fargo & Company lowered their price objective on Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Union Pacific in a research report on Friday, March 7th. They set a "buy" rating and a $295.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $258.39.

Union Pacific Stock Performance

NYSE:UNP opened at $231.36 on Friday. The stock's 50-day simple moving average is $222.11 and its 200 day simple moving average is $230.70. The firm has a market capitalization of $138.23 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.03). The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $2.69 earnings per share. On average, analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, May 30th. Union Pacific's dividend payout ratio (DPR) is presently 48.29%.

About Union Pacific

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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