Union Pacific Co. (NYSE:UNP) Shares Acquired by Eventide Asset Management LLC

Eventide Asset Management LLC lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 55.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,295 shares of the railroad operator’s stock after purchasing an additional 3,658 shares during the quarter. Eventide Asset Management LLC’s holdings in Union Pacific were worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cultivar Capital Inc. purchased a new stake in Union Pacific during the 2nd quarter valued at about $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in Union Pacific in the second quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. boosted its position in Union Pacific by 3,250.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Union Pacific during the 3rd quarter worth approximately $30,000. Finally, Fairscale Capital LLC acquired a new stake in Union Pacific during the 2nd quarter valued at approximately $31,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Down 0.1 %

Shares of Union Pacific stock opened at $244.87 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. The firm has a market capitalization of $148.45 billion, a PE ratio of 22.49, a P/E/G ratio of 2.43 and a beta of 1.06. The firm’s 50-day moving average price is $240.12 and its 200 day moving average price is $238.55.

Union Pacific (NYSE:UNP) last released its earnings results 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). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter last year, the business earned $2.51 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts predict that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $1.34 per share. The ex-dividend date is Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.19%. Union Pacific’s dividend payout ratio (DPR) is presently 49.22%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UNP. Stifel Nicolaus cut their price objective on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets cut their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Robert W. Baird decreased their price objective on Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Bank of America dropped their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Finally, Sanford C. Bernstein reduced their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $259.80.

About Union Pacific

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.