Massachusetts Wealth Management Acquires 300 Shares of Union Pacific Co. (NYSE:UNP)

Massachusetts Wealth Management increased its holdings in Union Pacific Co. (NYSE:UNP) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,437 shares of the railroad operator’s stock after purchasing an additional 300 shares during the period. Massachusetts Wealth Management’s holdings in Union Pacific were worth $1,583,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Madrona Financial Services LLC increased its position in Union Pacific by 3.5% in the first quarter. Madrona Financial Services LLC now owns 1,871 shares of the railroad operator’s stock worth $460,000 after purchasing an additional 64 shares during the last quarter. Norden Group LLC bought a new position in Union Pacific during the first quarter valued at $6,095,000. Wallington Asset Management LLC increased its position in Union Pacific by 1.3% during the first quarter. Wallington Asset Management LLC now owns 75,849 shares of the railroad operator’s stock valued at $18,654,000 after acquiring an additional 945 shares during the last quarter. True Link Financial Advisors LLC increased its position in Union Pacific by 16.4% during the first quarter. True Link Financial Advisors LLC now owns 4,224 shares of the railroad operator’s stock valued at $1,039,000 after acquiring an additional 596 shares during the last quarter. Finally, KFG Wealth Management LLC bought a new position in Union Pacific during the first quarter valued at $228,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.0 %

Union Pacific stock traded up $0.07 during trading hours on Thursday, reaching $225.57. The stock had a trading volume of 1,219,748 shares, compared to its average volume of 2,259,866. The company has a market cap of $137.63 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.92 and a beta of 1.07. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.76. The business’s 50 day moving average price is $232.90 and its 200-day moving average price is $240.08. Union Pacific Co. has a 52 week low of $199.33 and a 52 week high of $258.66.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same period in the previous year, the company posted $2.67 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. Sell-side analysts anticipate that Union Pacific Co. will post 11.22 EPS for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.31%. Union Pacific’s dividend payout ratio (DPR) is currently 49.62%.

Analysts Set New Price Targets

A number of research firms have weighed in on UNP. Susquehanna cut their price objective on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 25th. TD Cowen boosted their price objective on shares of Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and cut their price objective for the company from $276.00 to $238.00 in a research report on Monday, June 17th. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, Wells Fargo & Company started coverage on shares of Union Pacific in a research note on Friday, June 7th. They set an “overweight” rating and a $270.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $258.92.

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.