Eastern Bank cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 15.4% during the 4th quarter, HoldingsChannel reports. The fund owned 11,198 shares of the railroad operator’s stock after selling 2,044 shares during the quarter. Eastern Bank’s holdings in Union Pacific were worth $1,502,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Union Pacific by 1.9% during the second quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock worth $6,698,588,000 after acquiring an additional 1,146,109 shares in the last quarter. BlackRock Inc. raised its stake in shares of Union Pacific by 0.3% during the second quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock worth $5,528,796,000 after acquiring an additional 141,521 shares in the last quarter. FMR LLC raised its stake in shares of Union Pacific by 84.6% during the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after acquiring an additional 4,399,980 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Union Pacific by 0.6% during the second quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock worth $865,659,000 after acquiring an additional 46,298 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of Union Pacific by 0.7% during the second quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock worth $798,093,000 after acquiring an additional 50,000 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Co. (NYSE UNP) opened at $133.19 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. The stock has a market cap of $104,840.00, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84. Union Pacific Co. has a 1 year low of $101.06 and a 1 year high of $143.05.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, January 25th. The railroad operator reported $1.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. equities research analysts predict that Union Pacific Co. will post 7.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.73 per share. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, February 27th. Union Pacific’s payout ratio is presently 19.70%.

Several research analysts have commented on the stock. TD Securities decreased their price target on shares of Union Pacific from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Morgan Stanley lifted their target price on shares of Union Pacific from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 31st. Goldman Sachs Group began coverage on shares of Union Pacific in a research note on Monday, November 13th. They issued a “sell” rating and a $103.00 target price on the stock. Wolfe Research raised shares of Union Pacific from a “market perform” rating to an “outperform” rating in a research note on Friday, January 5th. Finally, Daiwa Capital Markets raised shares of Union Pacific from a “hold” rating to an “outperform” rating in a research note on Thursday, January 11th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $130.40.

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Union Pacific Company Profile

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

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

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