Bangor Savings Bank Sells 179 Shares of Union Pacific Co. (NYSE:UNP)

Bangor Savings Bank lowered its position in Union Pacific Co. (NYSE:UNP) by 28.0% during the first quarter, Holdings Channel reports. The firm owned 461 shares of the railroad operator’s stock after selling 179 shares during the period. Bangor Savings Bank’s holdings in Union Pacific were worth $113,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. OLD Point Trust & Financial Services N A bought a new stake in shares of Union Pacific during the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. raised its stake in Union Pacific by 211.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after buying an additional 74 shares during the period. Valued Wealth Advisors LLC bought a new position in shares of Union Pacific in the 4th quarter worth $28,000. Scarborough Advisors LLC acquired a new stake in Union Pacific in the 4th quarter valued at $29,000. Finally, Transcendent Capital Group LLC bought a new stake in Union Pacific during the 4th quarter valued at $34,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Performance

NYSE:UNP opened at $226.11 on Monday. Union Pacific Co. has a twelve month low of $199.06 and a twelve month high of $258.66. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 1.99. The stock has a market cap of $137.95 billion, a P/E ratio of 21.58, a PEG ratio of 1.83 and a beta of 1.05. The business’s 50-day moving average price is $233.96 and its two-hundred day moving average price is $240.60.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.19. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates 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 for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $2.67 earnings per share. As a group, equities analysts predict that Union Pacific Co. will post 11.25 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, May 31st. Union Pacific’s dividend payout ratio (DPR) is currently 49.62%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on UNP shares. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Susquehanna upped their price target on Union Pacific from $255.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Wells Fargo & Company started coverage on Union Pacific in a research report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target for the company. Raymond James reaffirmed a “strong-buy” rating and set a $280.00 price objective (up from $275.00) on shares of Union Pacific in a report on Friday, April 26th. Finally, Benchmark increased their price objective on shares of Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $259.75.

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.