Mogy Joel R Investment Counsel Inc. Sells 974 Shares of Union Pacific Co. (NYSE:UNP)

Mogy Joel R Investment Counsel Inc. reduced its holdings in Union Pacific Co. (NYSE:UNP) by 1.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,893 shares of the railroad operator’s stock after selling 974 shares during the period. Union Pacific makes up 1.1% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 27th largest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Union Pacific were worth $14,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UNP. Exchange Traded Concepts LLC grew its stake in shares of Union Pacific by 21,063.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,312 shares of the railroad operator’s stock worth $1,896,000 after buying an additional 9,268 shares in the last quarter. Advisory Alpha LLC grew its stake in shares of Union Pacific by 29.1% in the 3rd quarter. Advisory Alpha LLC now owns 1,879 shares of the railroad operator’s stock worth $383,000 after buying an additional 423 shares in the last quarter. TFG Advisers LLC grew its stake in shares of Union Pacific by 0.3% in the 3rd quarter. TFG Advisers LLC now owns 16,296 shares of the railroad operator’s stock worth $3,318,000 after buying an additional 52 shares in the last quarter. Oak Harbor Wealth Partners LLC grew its stake in shares of Union Pacific by 3.5% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 8,689 shares of the railroad operator’s stock worth $1,769,000 after buying an additional 294 shares in the last quarter. Finally, MCF Advisors LLC boosted its stake in shares of Union Pacific by 9.0% during the 3rd quarter. MCF Advisors LLC now owns 4,230 shares of the railroad operator’s stock worth $861,000 after purchasing an additional 351 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of recent analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $280.00 price target (up from $275.00) on shares of Union Pacific in a research note on Friday. StockNews.com raised shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Friday. BMO Capital Markets lifted their price target on shares of Union Pacific from $270.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Benchmark lifted their price target on shares of Union Pacific from $260.00 to $266.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada dropped their price target on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Seven 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.78.

Union Pacific Stock Performance

NYSE:UNP traded down $0.76 during trading hours on Friday, hitting $242.79. 2,255,458 shares of the company were exchanged, compared to its average volume of 2,120,671. The stock has a market capitalization of $148.13 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 2.63 and a beta of 1.07. Union Pacific Co. has a 52-week low of $190.45 and a 52-week high of $258.66. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.67. The company’s 50 day moving average price is $244.27 and its 200-day moving average price is $234.95.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.19. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. Union Pacific’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.67 EPS. As a group, research analysts forecast that Union Pacific Co. will post 11.01 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 29th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.14%. The ex-dividend date was Wednesday, February 28th. Union Pacific’s dividend payout ratio is presently 49.62%.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,750 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the sale, the president now directly owns 56,682 shares of the company’s stock, valued at approximately $14,170,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.28% of the company’s stock.

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.