Rockland Trust Co. Acquires 5,028 Shares of Union Pacific Corporation $UNP

Rockland Trust Co. boosted its holdings in Union Pacific Corporation (NYSE:UNPFree Report) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,916 shares of the railroad operator’s stock after purchasing an additional 5,028 shares during the period. Union Pacific comprises 1.8% of Rockland Trust Co.’s holdings, making the stock its 13th largest position. Rockland Trust Co.’s holdings in Union Pacific were worth $45,945,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Tucker Asset Management LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth approximately $25,000. SWAN Capital LLC lifted its stake in Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. Rachor Investment Advisory Services LLC bought a new position in Union Pacific during the fourth quarter valued at $25,000. High Point Wealth Management LLC purchased a new stake in Union Pacific in the fourth quarter worth $26,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Union Pacific in the first quarter valued at $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on UNP. JPMorgan Chase & Co. increased their price target on Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Evercore reiterated an “outperform” rating and set a $294.00 target price on shares of Union Pacific in a research report on Thursday, June 25th. Stephens raised shares of Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Benchmark upped their price target on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Barclays reaffirmed an “overweight” rating and issued a $350.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $320.89.

View Our Latest Report on UNP

Union Pacific Trading Down 0.8%

Shares of Union Pacific stock opened at $292.98 on Friday. The company’s 50-day moving average price is $280.13 and its 200-day moving average price is $262.83. The company has a market cap of $174.05 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 3.02 and a beta of 0.96. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNPGet Free Report) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion during 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 business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.03 EPS. On average, equities analysts expect that Union Pacific Corporation will post 12.9 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is 44.70%.

Union Pacific Profile

(Free Report)

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

Further Reading

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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