Bridges Investment Management Inc. Reduces Holdings in Union Pacific Corporation $UNP

Bridges Investment Management Inc. trimmed its stake in Union Pacific Corporation (NYSE:UNP) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 667,696 shares of the railroad operator’s stock after selling 4,231 shares during the period. Union Pacific accounts for approximately 2.0% of Bridges Investment Management Inc.’s holdings, making the stock its 12th largest position. Bridges Investment Management Inc. owned about 0.11% of Union Pacific worth $157,823,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Howard Hughes Medical Institute purchased a new stake in Union Pacific in the 2nd quarter worth approximately $30,000. Total Investment Management Inc. bought a new position in shares of Union Pacific in the second quarter worth approximately $31,000. Financial Gravity Companies Inc. purchased a new stake in shares of Union Pacific in the second quarter worth $31,000. Access Investment Management LLC bought a new stake in shares of Union Pacific during the 2nd quarter valued at $32,000. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Union Pacific during the 2nd quarter valued at $33,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UNP shares. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, January 21st. Barclays reiterated an “overweight” rating and set a $285.00 price objective (up previously from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. Citigroup restated a “buy” rating and set a $270.00 target price (up previously from $265.00) on shares of Union Pacific in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $258.32.

Union Pacific Stock Up 0.7%

NYSE UNP opened at $235.14 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $253.20. The firm has a market capitalization of $139.48 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 2.56 and a beta of 0.98. The company has a fifty day moving average of $232.21 and a two-hundred day moving average of $226.75.

Union Pacific (NYSE:UNP) last announced its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.15 billion. During the same quarter last year, the firm earned $2.91 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were paid a dividend of $1.38 per share. The ex-dividend date was Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is currently 46.12%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.