Pine Haven Investment Counsel Inc Sells 80 Shares of Union Pacific Corporation $UNP

Pine Haven Investment Counsel Inc lessened its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,663 shares of the railroad operator’s stock after selling 80 shares during the period. Union Pacific accounts for approximately 1.0% of Pine Haven Investment Counsel Inc’s holdings, making the stock its 25th biggest position. Pine Haven Investment Counsel Inc’s holdings in Union Pacific were worth $1,303,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UNP. Highline Wealth Partners LLC boosted its position in shares of Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its position in Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Union Pacific during the 1st quarter valued at about $32,000. WPG Advisers LLC purchased a new position in Union Pacific in the first quarter worth about $33,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after buying an additional 56 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Trading Up 0.9%

Shares of NYSE UNP opened at $227.78 on Wednesday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The business’s 50 day moving average is $222.44 and its two-hundred day moving average is $224.72. The stock has a market capitalization of $135.09 billion, a P/E ratio of 19.79, a PEG ratio of 2.19 and a beta of 1.03.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $2.74 EPS. As a group, research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio (DPR) is presently 47.96%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and raised their price target for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. Robert W. Baird began coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target for the company. Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Finally, UBS Group raised their target price on shares of Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $259.38.

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.