WASHINGTON TRUST Co Has $2.34 Million Holdings in Union Pacific Corporation (NYSE:UNP)

WASHINGTON TRUST Co reduced its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,911 shares of the railroad operator's stock after selling 1,302 shares during the period. WASHINGTON TRUST Co's holdings in Union Pacific were worth $2,341,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Highline Wealth Partners LLC increased its position in shares of Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after acquiring an additional 59 shares during the period. EnRich Financial Partners LLC purchased a new position in Union Pacific in the fourth quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL lifted its position in shares of 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 last quarter. MorganRosel Wealth Management LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at $60,000. Finally, Meeder Asset Management Inc. grew its position in shares of Union Pacific by 223.2% in the 4th quarter. Meeder Asset Management Inc. now owns 307 shares of the railroad operator's stock valued at $70,000 after buying an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 0.5%

NYSE UNP traded down $1.12 on Monday, hitting $230.29. 3,578,991 shares of the company were exchanged, compared to its average volume of 2,714,116. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.73 and a quick ratio of 0.61. The firm has a market capitalization of $137.59 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05. Union Pacific Corporation has a twelve month low of $100.00 and a twelve month high of $258.07. The company's 50 day moving average price is $222.11 and its 200-day moving average price is $230.68.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $6.03 billion for 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 firm's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.69 earnings per share. Analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.33%. The ex-dividend date is Friday, May 30th. Union Pacific's dividend payout ratio is currently 48.29%.

Analysts Set New Price Targets

UNP has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Union Pacific in a research note on Friday, March 7th. They set a "buy" rating and a $295.00 price target for the company. 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. Susquehanna raised shares of Union Pacific from a "neutral" rating to a "positive" rating and increased their price objective for the company from $245.00 to $260.00 in a research note on Tuesday, June 24th. Bank of America boosted their price target on Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company reduced their price objective on shares of Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $258.39.

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.