Bangor Savings Bank Lowers Stock Holdings in Union Pacific Co. (NYSE:UNP)

Bangor Savings Bank lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 28.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 461 shares of the railroad operator’s stock after selling 179 shares during the quarter. Bangor Savings Bank’s holdings in Union Pacific were worth $113,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Union Pacific in the 4th quarter valued at about $1,832,127,000. Capital Research Global Investors grew its holdings in Union Pacific by 23.1% in the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock valued at $1,682,931,000 after purchasing an additional 1,285,144 shares during the last quarter. Winslow Capital Management LLC acquired a new position in shares of Union Pacific during the 4th quarter worth $293,162,000. The Manufacturers Life Insurance Company grew its position in shares of Union Pacific by 65.5% in the third quarter. The Manufacturers Life Insurance Company now owns 2,348,496 shares of the railroad operator’s stock valued at $478,224,000 after purchasing an additional 929,495 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Union Pacific by 331.7% during the 4th quarter. Cerity Partners LLC now owns 1,143,298 shares of the railroad operator’s stock worth $280,817,000 after purchasing an additional 878,490 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and cut their target price for the company from $276.00 to $238.00 in a research note on Monday, June 17th. JPMorgan Chase & Co. lifted their target price on shares of Union Pacific from $237.00 to $243.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Evercore ISI upped their target price on Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Jefferies Financial Group started coverage on Union Pacific in a research note on Monday, April 8th. They issued a “hold” rating and a $250.00 price target on the stock. Finally, TD Cowen increased their price objective on shares of Union Pacific from $252.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $259.75.

Union Pacific Price Performance

Shares of NYSE UNP opened at $226.11 on Monday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.76. Union Pacific Co. has a 1-year low of $199.06 and a 1-year high of $258.66. The business’s fifty day moving average price is $233.96 and its two-hundred day moving average price is $240.60. The firm has a market capitalization of $137.95 billion, a PE ratio of 21.58, a P/E/G ratio of 1.83 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, beating the consensus estimate of $2.50 by $0.19. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.97 billion. During the same period last year, the firm earned $2.67 EPS. The firm’s revenue was down .4% compared to the same quarter last year. On average, research analysts expect that Union Pacific Co. will post 11.25 EPS for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, May 31st. Union Pacific’s payout ratio is currently 49.62%.

Union Pacific 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.