Union Pacific Co. (NYSE:UNP) Shares Purchased by Eastern Bank
Eastern Bank increased its stake in Union Pacific Co. (NYSE:UNP) by 266.6% in Q3, owning 35,395 shares valued at $2,724,000. Other institutional investors also raised their positions. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average target price of $XX.XX. Union Pacific's recent earnings report showed EPS of $1.74, exceeding estimates, with a revenue increase of 1.7% year-over-year. The stock traded at $XX.XX with a market cap of $XX.98 billion.
Eastern Bank lifted its stake in Union Pacific Co. (NYSE:UNP - Free Report) by 266.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,395 shares of the railroad operator's stock after purchasing an additional 25,741 shares during the quarter. Eastern Bank's holdings in Union Pacific were worth $8,724,000 at the end of the most recent reporting period.
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Several other hedge funds and other institutional investors have also recently made changes to their positions in UNP. AdvisorNet Financial Inc increased its holdings in shares of Union Pacific by 3.4% in the first quarter. AdvisorNet Financial Inc now owns 2,468 shares of the railroad operator's stock valued at $607,000 after purchasing an additional 82 shares during the last quarter. Austin Private Wealth LLC increased its stake in Union Pacific by 11.8% during the first quarter. Austin Private Wealth LLC now owns 1,204 shares of the railroad operator's stock worth $291,000 after acquiring an additional 127 shares during the last quarter. Von Berge Wealth Management Group LLC increased its stake in Union Pacific by 3.9% during the first quarter. Von Berge Wealth Management Group LLC now owns 1,276 shares of the railroad operator's stock worth $314,000 after acquiring an additional 48 shares during the last quarter. New England Professional Planning Group Inc. increased its stake in Union Pacific by 84.6% during the first quarter. New England Professional Planning Group Inc. now owns 4,367 shares of the railroad operator's stock worth $1,074,000 after acquiring an additional 2,001 shares during the last quarter. Finally, Schoolcraft Capital LLC increased its stake in Union Pacific by 196.4% during the first quarter. Schoolcraft Capital LLC now owns 7,111 shares of the railroad operator's stock worth $1,749,000 after acquiring an additional 4,712 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Bank of America cut their target price on Union Pacific from $273.00 to $270.00 and set a "buy" rating for the company in a research note on Tuesday, September 24th. BMO Capital Markets dropped their price objective on Union Pacific from $280.00 to $275.00 and set an "outperform" rating for the company in a research note on Friday, September 20th. Citigroup initiated coverage on Union Pacific in a research note on Wednesday, October 9th. They issued a "neutral" rating and a $264.00 price objective for the company. TD Cowen decreased their target price on Union Pacific from $259.00 to $255.00 and set a "buy" rating for the company in a report on Friday, July 26th. Finally, StockNews.com lowered Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $260.53.
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Union Pacific Price Performance
Shares of NYSE UNP traded up $0.92 during trading on Tuesday, hitting $241.27. The company had a trading volume of 617,024 shares, compared to its average volume of 2,258,509. The company has a market cap of $146.98 billion, a P/E ratio of 22.57, a PEG ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a 52 week low of $199.97 and a 52 week high of $258.66. The business's 50-day moving average is $246.48 and its 200 day moving average is $238.59. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05.
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Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.01 billion for the quarter, compared to analysts' expectations of $6.05 billion. During the same quarter in the prior year, the company earned $2.57 earnings per share. The firm's revenue was up .7% on a year-over-year basis. Equities research analysts predict that Union Pacific Co. will post 11.07 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business's stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares of the company's stock, valued at $16,014,787.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is currently owned by corporate insiders.
About Union Pacific
(Free Report)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.
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