Kennebec Savings Bank increased its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 6,379 shares of the railroad operator’s stock after acquiring an additional 101 shares during the period. Union Pacific makes up approximately 1.4% of Kennebec Savings Bank’s investment portfolio, making the stock its 14th biggest position. Kennebec Savings Bank’s holdings in Union Pacific were worth $1,468,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Highline Wealth Partners LLC increased its position in shares of Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 59 shares during the period. CBIZ Investment Advisory Services LLC increased its position in shares of Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after purchasing an additional 112 shares during the period. Financial Gravity Asset Management Inc. bought a new position in shares of Union Pacific in the first quarter worth $32,000. WPG Advisers LLC bought a new position in Union Pacific in the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC grew its position in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.
Union Pacific Stock Performance
Shares of UNP stock opened at $234.77 on Thursday. The business’s 50-day moving average price is $223.15 and its 200-day moving average price is $224.61. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The firm has a market capitalization of $139.23 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.46 and a beta of 1.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.
Union Pacific Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. Union Pacific’s payout ratio is 47.96%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on UNP. Evercore ISI decreased their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Morgan Stanley decreased their target price on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. Susquehanna reiterated a “positive” rating and issued a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and lifted their target price for the company from $250.00 to $251.00 in a research report on Monday, September 15th. Finally, BMO Capital Markets lifted their target price on Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $260.00.
Read Our Latest Stock Analysis on UNP
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.
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