Union Pacific Corporation $UNP Stock Acquired by Community Financial Services Group LLC

Key Points

• Community Financial Services Group LLC increased its Union Pacific stake by 87,836.8% in the third quarter, ending with 16,708 shares valued at approximately $4.55 million. Institutional investors collectively own 80.38% of the company.
• Union Pacific reported quarterly EPS of $3.41, exceeding the $3.26 analyst consensus, while revenue rose 11.5% year over year to $6.86 billion.
• The company raised its quarterly dividend to $1.42, or $5.68 annually, for a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $325, above the reported share price of $288.72.

Community Financial Services Group LLC increased its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 87,836.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,708 shares of the railroad operator's stock after purchasing an additional 16,689 shares during the period. Community Financial Services Group LLC's holdings in Union Pacific were worth $4,552,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Perpetual Ltd lifted its position in Union Pacific by 6.1% during the third quarter. Perpetual Ltd now owns 669,328 shares of the railroad operator's stock worth $182,144,000 after buying an additional 38,694 shares in the last quarter. Woodstock Corp boosted its holdings in Union Pacific by 55.6% in the 3rd quarter. Woodstock Corp now owns 1,540 shares of the railroad operator's stock valued at $419,000 after purchasing an additional 550 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in Union Pacific by 4.0% in the third quarter. Moody National Bank Trust Division now owns 7,394 shares of the railroad operator's stock valued at $2,012,000 after acquiring an additional 283 shares during the last quarter. Eastern Bank lifted its stake in shares of Union Pacific by 2.6% in the 3rd quarter. Eastern Bank now owns 214,567 shares of the railroad operator's stock valued at $58,390,000 after purchasing an additional 5,380 shares during the last quarter. Finally, Greenwich Wealth Management LLC lifted its position in Union Pacific by 14.4% in the second quarter. Greenwich Wealth Management LLC now owns 2,040 shares of the railroad operator's stock valued at $555,000 after buying an additional 257 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Price Performance

Shares of UNP opened at $288.72 on Friday. Union Pacific Corporation has a fifty-two week low of $215.53 and a fifty-two week high of $315.99. The firm's 50 day moving average price is $287.81 and its 200 day moving average price is $276.52. The company has a market cap of $171.52 billion, a P/E ratio of 23.38, a PEG ratio of 2.84 and a beta of 0.95. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.03 EPS. On average, research analysts forecast that Union Pacific Corporation will post 13.05 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a "market perform" rating and set a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Robert W. Baird boosted their target price on Union Pacific from $311.00 to $344.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Royal Bank Of Canada set a $326.00 price target on Union Pacific in a research note on Thursday, September 24th. Evercore restated an "outperform" rating and set a $294.00 price target on shares of Union Pacific in a research note on Thursday, June 25th. Finally, Erste Group Bank initiated coverage on Union Pacific in a research report on Thursday, August 27th. They set a "buy" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $325.00.

About Union Pacific

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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