Northeast Investment Management Trims Stock Position in Union Pacific Co. (NYSE:UNP)

Northeast Investment Management lessened its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,500 shares of the railroad operator's stock after selling 1,596 shares during the period. Union Pacific accounts for approximately 2.1% of Northeast Investment Management's investment portfolio, making the stock its 14th biggest position. Northeast Investment Management's holdings in Union Pacific were worth $45,004,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Curbstone Financial Management Corp boosted its position in shares of Union Pacific by 18.4% during the 1st quarter. Curbstone Financial Management Corp now owns 2,834 shares of the railroad operator's stock valued at $670,000 after acquiring an additional 440 shares during the last quarter. CX Institutional raised its stake in Union Pacific by 41.3% during the first quarter. CX Institutional now owns 57,801 shares of the railroad operator's stock worth $13,655,000 after purchasing an additional 16,905 shares during the period. MV Capital Management Inc. boosted its holdings in Union Pacific by 79.5% in the 1st quarter. MV Capital Management Inc. now owns 921 shares of the railroad operator's stock valued at $218,000 after purchasing an additional 408 shares during the last quarter. Central Valley Advisors LLC grew its stake in shares of Union Pacific by 2.2% in the 1st quarter. Central Valley Advisors LLC now owns 9,318 shares of the railroad operator's stock valued at $2,202,000 after buying an additional 205 shares during the period. Finally, Curated Wealth Partners LLC increased its holdings in shares of Union Pacific by 2.8% during the 1st quarter. Curated Wealth Partners LLC now owns 4,388 shares of the railroad operator's stock worth $1,037,000 after buying an additional 119 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Stock Performance

Shares of UNP stock traded down $1.20 during mid-day trading on Thursday, hitting $224.52. 845,032 shares of the stock were exchanged, compared to its average volume of 2,682,241. The stock's fifty day simple moving average is $220.28 and its two-hundred day simple moving average is $231.96. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. Union Pacific Co. has a 12-month low of $204.66 and a 12-month high of $258.07. The stock has a market capitalization of $134.15 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.15 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly 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). 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 last year, the firm earned $2.69 EPS. The company's quarterly revenue was down .1% on a year-over-year basis. On average, analysts forecast that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a $1.34 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.36 annualized dividend and a yield of 2.39%. Union Pacific's dividend payout ratio (DPR) is 48.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Argus upgraded Union Pacific to a "strong-buy" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Union Pacific in a research note on Friday, March 7th. They issued a "buy" rating and a $295.00 price target on the stock. Stephens cut their price objective on Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Susquehanna decreased their target price on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, Bank of America lifted their price target on shares of Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $257.74.

Union Pacific Company 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.