Eastern Bank Sells 8,370 Shares of Union Pacific Corporation $UNP

Eastern Bank trimmed its position in shares of Union Pacific Corporation (NYSE:UNP) by 24.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,301 shares of the railroad operator’s stock after selling 8,370 shares during the period. Eastern Bank’s holdings in Union Pacific were worth $5,821,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Aberdeen Group plc raised its stake in shares of Union Pacific by 5.7% during the second quarter. Aberdeen Group plc now owns 796,347 shares of the railroad operator’s stock valued at $183,494,000 after acquiring an additional 43,000 shares during the last quarter. Croban raised its stake in shares of Union Pacific by 2.0% during the second quarter. Croban now owns 4,515 shares of the railroad operator’s stock valued at $1,039,000 after acquiring an additional 89 shares during the last quarter. Acima Private Wealth LLC raised its stake in shares of Union Pacific by 629.9% during the second quarter. Acima Private Wealth LLC now owns 3,708 shares of the railroad operator’s stock valued at $853,000 after acquiring an additional 3,200 shares during the last quarter. PDS Planning Inc raised its stake in shares of Union Pacific by 37.0% during the second quarter. PDS Planning Inc now owns 5,897 shares of the railroad operator’s stock valued at $1,357,000 after acquiring an additional 1,594 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Union Pacific by 7.9% during the second quarter. Blue Trust Inc. now owns 11,151 shares of the railroad operator’s stock valued at $2,566,000 after acquiring an additional 814 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Down 2.6%

NYSE:UNP opened at $225.54 on Friday. The company’s 50 day moving average price is $224.45 and its 200-day moving average price is $224.47. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The stock has a market cap of $133.77 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.41 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the prior year, the company posted $2.74 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio is currently 47.96%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UNP shares. Baird R W raised shares of Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. UBS Group set a $253.00 price target on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Citigroup raised shares of Union Pacific from a “neutral” rating to a “buy” rating and increased their price target for the stock from $250.00 to $251.00 in a research note on Monday, September 15th. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and increased their price target for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $261.08.

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.