Union Pacific Co. (NYSE:UNP) Shares Sold by First County Bank CT

First County Bank CT reduced its position in Union Pacific Co. (NYSE:UNP - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,404 shares of the railroad operator's stock after selling 1,639 shares during the quarter. First County Bank CT's holdings in Union Pacific were worth $1,513,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Allred Capital Management LLC increased its stake in shares of Union Pacific by 0.5% in the 4th quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator's stock worth $1,904,000 after acquiring an additional 40 shares during the last quarter. Palogic Value Management L.P. increased its stake in shares of Union Pacific by 1.5% in the 4th quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator's stock worth $644,000 after acquiring an additional 42 shares during the last quarter. Baron Wealth Management LLC increased its stake in shares of Union Pacific by 3.3% in the 4th quarter. Baron Wealth Management LLC now owns 1,409 shares of the railroad operator's stock worth $321,000 after acquiring an additional 45 shares during the last quarter. Mystic Asset Management Inc. increased its stake in shares of Union Pacific by 2.0% in the 4th quarter. Mystic Asset Management Inc. now owns 2,309 shares of the railroad operator's stock worth $527,000 after acquiring an additional 45 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its stake in shares of Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after acquiring an additional 45 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Trading Down 0.5%

Union Pacific stock traded down $1.07 during midday trading on Friday, reaching $221.44. 4,179,597 shares of the stock traded hands, compared to its average volume of 2,642,700. The company has a 50-day simple moving average of $221.74 and a two-hundred day simple moving average of $232.68. Union Pacific Co. has a 12-month low of $204.66 and a 12-month high of $258.07. The firm has a market cap of $132.31 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. 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 announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). The company had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.69 EPS. Research analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, May 30th. Union Pacific's payout ratio is presently 48.29%.

Analyst Ratings Changes

A number of brokerages have issued reports on UNP. Deutsche Bank Aktiengesellschaft began coverage on Union Pacific in a research note on Friday, March 7th. They issued a "buy" rating and a $295.00 target price for the company. Stifel Nicolaus cut their target price on Union Pacific from $270.00 to $248.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Stephens lowered their price target on Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Loop Capital cut Union Pacific from a "hold" rating to a "sell" rating and lowered their price target for the stock from $265.00 to $200.00 in a report on Monday, February 3rd. Finally, Jefferies Financial Group lowered their price target on Union Pacific from $255.00 to $230.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and an average price target of $257.50.

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.