Mengis Capital Management Inc. Sells 200 Shares of Union Pacific Co. (NYSE:UNP)

Mengis Capital Management Inc. lessened its holdings in shares of Union Pacific Co. (NYSE:UNPFree Report) by 6.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,755 shares of the railroad operator’s stock after selling 200 shares during the period. Mengis Capital Management Inc.’s holdings in Union Pacific were worth $561,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of UNP. MAS Advisors LLC bought a new position in shares of Union Pacific during the 1st quarter valued at about $233,000. Roundview Capital LLC lifted its stake in Union Pacific by 3.8% in the 1st quarter. Roundview Capital LLC now owns 16,608 shares of the railroad operator’s stock valued at $4,537,000 after acquiring an additional 614 shares in the last quarter. Dakota Wealth Management bought a new stake in Union Pacific in the 1st quarter valued at approximately $569,000. Candriam Luxembourg S.C.A. lifted its stake in Union Pacific by 3.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 47,144 shares of the railroad operator’s stock valued at $12,880,000 after acquiring an additional 1,664 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in Union Pacific by 10.1% in the 1st quarter. Mather Group LLC. now owns 1,745 shares of the railroad operator’s stock valued at $477,000 after acquiring an additional 160 shares in the last quarter. Institutional investors own 77.36% of the company’s stock.

Insider Buying and Selling at Union Pacific

In other news, CFO Jennifer L. Hamann sold 1,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $235.00, for a total value of $235,000.00. Following the completion of the sale, the chief financial officer now owns 98,297 shares of the company’s stock, valued at $23,099,795. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Jennifer L. Hamann sold 1,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $235.00, for a total value of $235,000.00. Following the completion of the sale, the chief financial officer now owns 98,297 shares of the company’s stock, valued at $23,099,795. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vincenzo J. Vena purchased 4,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average cost of $222.00 per share, with a total value of $999,000.00. Following the purchase, the chief executive officer now owns 5,106 shares of the company’s stock, valued at approximately $1,133,532. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the topic of several research reports. UBS Group boosted their target price on Union Pacific from $235.00 to $248.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Raymond James boosted their target price on Union Pacific from $240.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 16th. Benchmark restated a “buy” rating and issued a $260.00 target price on shares of Union Pacific in a research note on Friday, January 26th. TD Cowen upped their price objective on Union Pacific from $228.00 to $251.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. dropped their price objective on Union Pacific from $239.00 to $237.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $249.67.

Read Our Latest Report on UNP

Union Pacific Price Performance

Shares of UNP stock traded down $2.05 on Monday, hitting $247.40. 2,251,341 shares of the company’s stock were exchanged, compared to its average volume of 2,435,888. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.81 and a quick ratio of 0.57. Union Pacific Co. has a 12 month low of $183.69 and a 12 month high of $251.65. The stock has a market cap of $150.82 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.71 and a beta of 1.08. The company has a 50 day moving average of $241.15 and a 200 day moving average of $224.92.

Union Pacific (NYSE:UNPGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The railroad operator reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.15. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 46.87% and a net margin of 26.45%. Union Pacific’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $2.67 EPS. On average, equities research analysts predict that Union Pacific Co. will post 10.96 EPS for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 29th will be given a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $5.20 annualized dividend and a yield of 2.10%. Union Pacific’s dividend payout ratio is presently 49.71%.

About Union Pacific

(Free Report)

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

Further Reading

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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