Union Pacific Corporation $UNP Shares Bought by Rockland Trust Co.

Key Points

• Rockland Trust Co. increased its ownership in Union Pacific Corporation by 7.1%, bringing its total shares to 136,472, which are valued at $31,399,000.
• Several research analysts have provided mixed ratings on Union Pacific, with Citigroup upgrading the stock from "neutral" to "buy," while Barclays downgraded it to "equal weight."
• Union Pacific recently announced a quarterly dividend increase to $1.38, reflecting a yield of 2.5%, with the ex-dividend date set for August 29th.

Rockland Trust Co. grew its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,472 shares of the railroad operator's stock after buying an additional 9,103 shares during the period. Union Pacific comprises 1.5% of Rockland Trust Co.'s portfolio, making the stock its 18th largest position. Rockland Trust Co.'s holdings in Union Pacific were worth $31,399,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LGT Group Foundation lifted its holdings in Union Pacific by 9.7% during the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator's stock worth $1,275,000 after buying an additional 477 shares during the last quarter. Nuveen LLC bought a new position in Union Pacific during the 1st quarter worth approximately $988,822,000. SlateStone Wealth LLC lifted its holdings in Union Pacific by 6.2% during the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator's stock worth $3,133,000 after buying an additional 772 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its holdings in Union Pacific by 10.9% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock worth $866,000 after buying an additional 359 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock worth $2,491,000 after buying an additional 1,520 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Analyst Ratings Changes

UNP has been the topic of a number of research reports. Loop Capital upgraded Union Pacific from a "sell" rating to a "hold" rating and increased their price target for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Wells Fargo & Company increased their price target on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Baird R W upgraded Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Finally, UBS Group increased their price target on Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $259.38.

Union Pacific Stock Performance

UNP traded up $5.17 during trading hours on Monday, hitting $225.78. The company's stock had a trading volume of 8,135,975 shares, compared to its average volume of 4,561,980. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $133.89 billion, a PE ratio of 19.62, a PEG ratio of 2.14 and a beta of 1.03. The company has a 50-day simple moving average of $222.51 and a 200 day simple moving average of $224.70.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.09 billion. During the same period last year, the firm earned $2.74 EPS. The firm's revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $1.38 per share. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific's payout ratio is 47.96%.

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.