Rockland Trust Co. Buys 7,277 Shares of Union Pacific Co. (NYSE:UNP)

Rockland Trust Co. boosted its stake in Union Pacific Co. (NYSE:UNP) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,162 shares of the railroad operator’s stock after purchasing an additional 7,277 shares during the quarter. Union Pacific comprises about 1.4% of Rockland Trust Co.’s holdings, making the stock its 23rd biggest position. Rockland Trust Co.’s holdings in Union Pacific were worth $27,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL bought a new position in shares of Union Pacific in the 2nd quarter worth $28,000. Catalyst Capital Advisors LLC acquired a new position in Union Pacific during the third quarter worth $30,000. Fairscale Capital LLC bought a new position in shares of Union Pacific in the second quarter valued at $31,000. Jamison Private Wealth Management Inc. grew its holdings in shares of Union Pacific by 265.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after buying an additional 93 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in shares of Union Pacific during the third quarter worth about $32,000. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UNP shares. JPMorgan Chase & Co. dropped their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Sanford C. Bernstein cut their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus lowered their price target on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Citigroup lifted their price objective on shares of Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered their target price on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Stock Performance

NYSE:UNP opened at $229.25 on Wednesday. The company has a market capitalization of $138.98 billion, a P/E ratio of 21.05, a P/E/G ratio of 2.33 and a beta of 1.06. The business has a fifty day simple moving average of $234.49 and a two-hundred day simple moving average of $238.87. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $2.51 EPS. On average, analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Monday, December 9th. Union Pacific’s payout ratio is currently 49.22%.

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.