Massachusetts Financial Services Co. MA Sells 289,415 Shares of Union Pacific Corporation (NYSE:UNP)

Massachusetts Financial Services Co. MA cut its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,359,614 shares of the railroad operator's stock after selling 289,415 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.40% of Union Pacific worth $1,974,875,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Highline Wealth Partners LLC lifted its holdings in shares of Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after buying an additional 59 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific in the 1st quarter worth about $32,000. EnRich Financial Partners LLC bought a new stake in Union Pacific in the 4th quarter valued at about $31,000. Strategic Investment Solutions Inc. IL grew its position in shares of Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock worth $39,000 after purchasing an additional 45 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Stock Down 0.8%

Shares of UNP opened at $235.01 on Monday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.61 and a current ratio of 0.73. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $258.07. The stock has a market capitalization of $140.41 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.36 and a beta of 1.05. The stock has a fifty day moving average of $226.11 and a 200-day moving average of $231.15.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same period in the previous year, the company earned $2.69 EPS. Union Pacific's revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a $1.34 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.28%. Union Pacific's dividend payout ratio (DPR) is presently 48.29%.

Wall Street Analyst Weigh In

UNP has been the subject of several recent research reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $263.00 price target on shares of Union Pacific in a research note on Monday, June 2nd. Redburn Atlantic raised Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price objective for the company in a report on Wednesday, April 16th. Sanford C. Bernstein reiterated an "outperform" rating and set a $271.00 target price (up from $267.00) on shares of Union Pacific in a research report on Tuesday, July 8th. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a report on Friday, April 25th. Finally, Wells Fargo & Company dropped their price target on Union Pacific from $265.00 to $260.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $256.63.

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.

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