Mogy Joel R Investment Counsel Inc. Sells 14,111 Shares of Union Pacific Co. (NYSE:UNP)

Mogy Joel R Investment Counsel Inc. reduced its position in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,673 shares of the railroad operator's stock after selling 14,111 shares during the period. Mogy Joel R Investment Counsel Inc.'s holdings in Union Pacific were worth $7,719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Union Pacific by 0.6% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 49,091 shares of the railroad operator's stock valued at $11,597,000 after purchasing an additional 275 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in Union Pacific by 1.2% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 4,172 shares of the railroad operator's stock valued at $986,000 after purchasing an additional 51 shares during the last quarter. Simon Quick Advisors LLC boosted its position in Union Pacific by 32.0% in the first quarter. Simon Quick Advisors LLC now owns 5,050 shares of the railroad operator's stock valued at $1,193,000 after buying an additional 1,224 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in Union Pacific by 11.9% in the first quarter. Capital Advisors Ltd. LLC now owns 1,952 shares of the railroad operator's stock valued at $461,000 after buying an additional 207 shares in the last quarter. Finally, Baker Ellis Asset Management LLC grew its stake in shares of Union Pacific by 1.0% during the first quarter. Baker Ellis Asset Management LLC now owns 10,988 shares of the railroad operator's stock worth $2,596,000 after buying an additional 112 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Down 1.0%

Union Pacific stock traded down $2.30 during midday trading on Friday, reaching $223.19. The stock had a trading volume of 1,029,382 shares, compared to its average volume of 2,685,234. The company has a fifty day moving average price of $220.59 and a two-hundred day moving average price of $231.80. The company has a market capitalization of $133.35 billion, a P/E ratio of 20.13, a PEG ratio of 2.15 and a beta of 1.05. 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 Co. has a 12 month low of $204.66 and a 12 month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period in the previous year, the company earned $2.69 earnings per share. Union Pacific's revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts expect that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, May 30th. Union Pacific's dividend payout ratio (DPR) is 48.29%.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of research reports. Bank of America increased their price target on Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Argus upgraded Union Pacific to a "strong-buy" rating in a research report on Friday, May 16th. Wells Fargo & Company lowered their price objective on Union Pacific from $265.00 to $260.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus reduced their target price on Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $257.74.

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.