Northeast Investment Management Has $43.58 Million Stock Holdings in Union Pacific Corporation $UNP

Northeast Investment Management decreased its position in Union Pacific Corporation (NYSE:UNP) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,381 shares of the railroad operator’s stock after selling 2,544 shares during the period. Union Pacific comprises approximately 1.8% of Northeast Investment Management’s holdings, making the stock its 13th largest holding. Northeast Investment Management’s holdings in Union Pacific were worth $43,582,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in Union Pacific in the 2nd quarter valued at $1,856,340,000. Laurel Wealth Advisors LLC boosted its position in shares of Union Pacific by 22,618.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after acquiring an additional 2,613,083 shares in the last quarter. Amundi increased its stake in Union Pacific by 35.6% in the second quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock valued at $1,134,236,000 after acquiring an additional 1,255,231 shares during the period. Rothschild & Co Wealth Management UK Ltd raised its position in Union Pacific by 3,536.2% in the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock worth $232,767,000 after purchasing an additional 983,855 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Union Pacific by 32.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock worth $725,222,000 after purchasing an additional 778,411 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on UNP. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a research note on Thursday, December 11th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research report on Thursday, December 18th. JPMorgan Chase & Co. cut their price objective on Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $267.00 target price on shares of Union Pacific in a report on Tuesday, January 27th. Finally, Citigroup reiterated a “buy” rating and set a $270.00 target price (up previously from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $258.32.

Union Pacific Stock Performance

Union Pacific stock opened at $262.64 on Wednesday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $265.37. The stock has a 50-day simple moving average of $237.56 and a 200 day simple moving average of $229.22. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $155.85 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 2.84 and a beta of 0.98.

Union Pacific (NYSE:UNP) last announced its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same period in the prior year, the firm posted $2.91 earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.1%. Union Pacific’s dividend payout ratio is currently 46.12%.

Union Pacific Company Profile

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.