Grimes & Company Inc. Has $1.68 Million Holdings in Union Pacific Co. (NYSE:UNP)

Grimes & Company Inc. grew its position in Union Pacific Co. (NYSE:UNP) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,385 shares of the railroad operator’s stock after buying an additional 306 shares during the quarter. Grimes & Company Inc.’s holdings in Union Pacific were worth $1,684,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Union Pacific by 49.3% in the second quarter. AQR Capital Management LLC now owns 179,962 shares of the railroad operator’s stock worth $40,653,000 after buying an additional 59,418 shares during the period. Dark Forest Capital Management LP lifted its stake in Union Pacific by 113.0% in the 2nd quarter. Dark Forest Capital Management LP now owns 2,464 shares of the railroad operator’s stock worth $558,000 after acquiring an additional 1,307 shares in the last quarter. Kathmere Capital Management LLC boosted its position in Union Pacific by 2.6% during the 2nd quarter. Kathmere Capital Management LLC now owns 5,207 shares of the railroad operator’s stock worth $1,178,000 after acquiring an additional 133 shares during the period. Texas Capital Bank Wealth Management Services Inc purchased a new position in Union Pacific during the 2nd quarter valued at about $289,000. Finally, Ascent Group LLC increased its holdings in shares of Union Pacific by 4.0% in the 2nd quarter. Ascent Group LLC now owns 14,485 shares of the railroad operator’s stock valued at $3,277,000 after purchasing an additional 559 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UNP shares. BMO Capital Markets boosted their price objective on shares of Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday. Guggenheim boosted their price target on shares of Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a report on Friday. Barclays increased their price objective on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Robert W. Baird raised their price target on Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $262.57.

Union Pacific Stock Performance

Shares of UNP opened at $248.94 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The company’s fifty day moving average price is $234.05 and its 200 day moving average price is $239.40. The company has a market capitalization of $150.92 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. During the same period last year, the firm earned $2.71 EPS. As a group, analysts expect that Union Pacific Co. will post 10.96 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a $1.34 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.36 annualized dividend and a dividend yield of 2.15%. Union Pacific’s payout ratio is 49.22%.

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.