Peapack Gladstone Financial Corp Cuts Stake in Union Pacific Co. (NYSE:UNP)

Peapack Gladstone Financial Corp lowered its position in Union Pacific Co. (NYSE:UNP) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,737 shares of the railroad operator’s stock after selling 1,210 shares during the quarter. Union Pacific makes up approximately 0.9% of Peapack Gladstone Financial Corp’s portfolio, making the stock its 25th biggest position. Peapack Gladstone Financial Corp’s holdings in Union Pacific were worth $63,529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of UNP. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific during the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Union Pacific during the second quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. raised its holdings in shares of Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Union Pacific during the third quarter valued at approximately $30,000. Finally, Fairscale Capital LLC bought a new position in shares of Union Pacific during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

UNP has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Wells Fargo & Company decreased their target price on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Royal Bank of Canada decreased their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Raymond James upped their target price on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Finally, Sanford C. Bernstein decreased their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific Stock Down 0.0 %

Union Pacific stock opened at $233.70 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The business’s 50-day simple moving average is $238.46 and its two-hundred day simple moving average is $238.27. The company has a market cap of $141.68 billion, a PE ratio of 21.46, a PEG ratio of 2.31 and a beta of 1.05. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter in the previous year, the company earned $2.51 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $1.34 per share. The ex-dividend date is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. Union Pacific’s dividend payout ratio is currently 49.22%.

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.