Massachusetts Financial Services Co. MA Sells 113,070 Shares of Union Pacific Corporation $UNP

by · The Markets Daily

Massachusetts Financial Services Co. MA cut its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 8,006,454 shares of the railroad operator’s stock after selling 113,070 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Union Pacific were worth $1,892,486,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its holdings in Union Pacific by 10.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock worth $21,475,000 after acquiring an additional 8,925 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Union Pacific by 26.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 23,875 shares of the railroad operator’s stock valued at $5,494,000 after buying an additional 4,980 shares during the period. Union Bancaire Privee UBP SA lifted its stake in shares of Union Pacific by 9.8% in the third quarter. Union Bancaire Privee UBP SA now owns 52,849 shares of the railroad operator’s stock worth $12,492,000 after acquiring an additional 4,707 shares during the period. CX Institutional increased its position in Union Pacific by 39.8% during the 3rd quarter. CX Institutional now owns 65,826 shares of the railroad operator’s stock valued at $15,559,000 after purchasing an additional 18,742 shares during the period. Finally, SCS Capital Management LLC lifted its position in shares of Union Pacific by 165.2% in the 2nd quarter. SCS Capital Management LLC now owns 34,808 shares of the railroad operator’s stock worth $8,009,000 after purchasing an additional 21,685 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

NYSE:UNP opened at $229.75 on Friday. The company has a market capitalization of $136.28 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.65 and a beta of 0.99. The business has a fifty day simple moving average of $230.72 and a two-hundred day simple moving average of $227.15. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating the consensus estimate of $2.99 by $0.09. The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.75 earnings per share. On average, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were given a dividend of $1.38 per share. The ex-dividend date was Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio is currently 46.90%.

Analysts Set New Price Targets

A number of analysts have weighed in on UNP shares. BMO Capital Markets set a $255.00 price target on Union Pacific in a report on Wednesday, January 7th. Susquehanna restated a “positive” rating and issued a $272.00 price target (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. The Goldman Sachs Group set a $263.00 target price on Union Pacific and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. Finally, Barclays restated an “overweight” rating and set a $285.00 price target (up previously from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $259.58.

Read Our Latest Analysis on Union Pacific

Union Pacific Company 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.

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