Eastern Bank Purchases 25,741 Shares of Union Pacific Co. (NYSE:UNP)

Eastern Bank grew its position in shares of Union Pacific Co. (NYSE:UNP) by 266.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,395 shares of the railroad operator’s stock after buying an additional 25,741 shares during the quarter. Eastern Bank’s holdings in Union Pacific were worth $8,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in UNP. AdvisorNet Financial Inc grew its stake in Union Pacific by 3.4% during the first quarter. AdvisorNet Financial Inc now owns 2,468 shares of the railroad operator’s stock worth $607,000 after buying an additional 82 shares during the last quarter. Austin Private Wealth LLC grew 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 buying an additional 127 shares during the last quarter. Von Berge Wealth Management Group LLC grew 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 buying an additional 48 shares during the last quarter. New England Professional Planning Group Inc. grew 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 buying an additional 2,001 shares during the last quarter. Finally, Schoolcraft Capital LLC grew 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 buying an additional 4,712 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on UNP. Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. TD Cowen cut their price objective on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Royal Bank of Canada increased their price objective on shares of Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Barclays cut their price objective on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Finally, Susquehanna increased their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.53.

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is currently owned by company insiders.

Union Pacific Stock Up 0.4 %

Shares of NYSE:UNP traded up $0.92 during midday trading on Tuesday, reaching $241.27. 617,024 shares of the company were exchanged, compared to its average volume of 2,258,509. Union Pacific Co. has a fifty-two week low of $199.97 and a fifty-two week high of $258.66. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The stock has a fifty day simple moving average of $246.48 and a two-hundred day simple moving average of $238.59. The firm has a market cap of $146.98 billion, a PE ratio of 22.57, a P/E/G ratio of 2.26 and a beta of 1.05.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period last year, the business posted $2.57 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. As a group, sell-side analysts forecast that Union Pacific Co. will post 11.07 earnings per share for the current year.

Union Pacific Company 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.