Union Pacific Corporation $UNP Shares Acquired by Eastern Bank

Eastern Bank increased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,567 shares of the railroad operator's stock after buying an additional 5,380 shares during the quarter. Eastern Bank's holdings in Union Pacific were worth $58,390,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Greenwich Wealth Management LLC increased its holdings in shares of Union Pacific by 14.4% during the second quarter. Greenwich Wealth Management LLC now owns 2,040 shares of the railroad operator's stock valued at $555,000 after purchasing an additional 257 shares during the period. QRG Capital Management Inc. raised its stake in shares of Union Pacific by 9.4% during the second quarter. QRG Capital Management Inc. now owns 102,949 shares of the railroad operator's stock valued at $28,002,000 after purchasing an additional 8,842 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Union Pacific by 3.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 80,345 shares of the railroad operator's stock worth $21,854,000 after purchasing an additional 2,506 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Union Pacific by 34.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,583,702 shares of the railroad operator's stock worth $702,765,000 after purchasing an additional 662,335 shares during the period. Finally, State Street Corp grew its position in Union Pacific by 4.9% in the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator's stock valued at $7,586,243,000 after buying an additional 1,302,732 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Citigroup increased their price objective on shares of Union Pacific from $326.00 to $349.00 and gave the company a "buy" rating in a report on Friday, July 24th. Bank of America raised their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Citizens Jmp began coverage on Union Pacific in a report on Wednesday, July 15th. They set an "outperform" rating and a $350.00 target price on the stock. Finally, BMO Capital Markets restated a "market perform" rating and issued a $320.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $326.33.

Union Pacific Price Performance

Shares of UNP traded down $0.52 during mid-day trading on Monday, hitting $277.76. The company's stock had a trading volume of 516,487 shares, compared to its average volume of 3,005,233. The firm has a 50-day moving average price of $290.29 and a 200 day moving average price of $273.86. The stock has a market capitalization of $165.01 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 2.77 and a beta of 0.95. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. Union Pacific Corporation has a fifty-two week low of $215.53 and a fifty-two week high of $315.99.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the previous year, the firm earned $3.03 EPS. The business's revenue for the quarter was up 11.5% on a year-over-year basis. On average, research analysts predict that Union Pacific Corporation will post 13.01 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st were issued a $1.42 dividend. This is an increase from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, August 31st. Union Pacific's dividend payout ratio is currently 45.99%.

Union Pacific Company Profile

Union Pacific Corporation NYSE: UNP is a freight railroad company that operates one of the largest rail networks in North America. Through its principal subsidiary, Union Pacific Railroad, the company provides transportation services for businesses across the western two-thirds of the United States.

Union Pacific transports a broad range of commodities and manufactured goods, including agricultural products, automotive vehicles and parts, chemicals, coal, industrial products, forest products, and intermodal containers.

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