Bar Harbor Wealth Management Boosts Stake in Union Pacific Co. (NYSE:UNP)

Bar Harbor Wealth Management raised its position in Union Pacific Co. (NYSE:UNP) by 514.9% during the fourth quarter, Holdings Channel reports. The firm owned 45,665 shares of the railroad operator’s stock after buying an additional 38,238 shares during the quarter. Bar Harbor Wealth Management’s holdings in Union Pacific were worth $10,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Union Pacific during the second quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new stake in Union Pacific during the 3rd quarter worth about $30,000. Jamison Private Wealth Management Inc. raised its position in Union Pacific by 265.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after purchasing an additional 93 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Union Pacific in the 2nd quarter valued at about $31,000. Finally, Dunhill Financial LLC grew its position in shares of Union Pacific by 111.5% during the third quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after buying an additional 68 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

UNP traded up $1.39 on Monday, hitting $226.60. 1,594,654 shares of the company traded hands, compared to its average volume of 2,405,771. The company has a 50 day moving average of $234.64 and a 200-day moving average of $238.83. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66. The stock has a market capitalization of $137.38 billion, a PE ratio of 20.81, a PEG ratio of 2.33 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.51 earnings per share. Sell-side analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.37%. Union Pacific’s dividend payout ratio is currently 49.22%.

Analyst Ratings Changes

UNP has been the subject of a number of recent research reports. Sanford C. Bernstein decreased their price target on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Bank of America decreased their price objective on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Evercore ISI lowered Union Pacific from an “outperform” rating to an “inline” rating and dropped their target price for the company from $254.00 to $247.00 in a report on Wednesday, September 25th. Robert W. Baird decreased their price target on Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Citigroup increased their price objective on Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.80.

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.