Peapack Gladstone Financial Corp Sells 7,248 Shares of Union Pacific Corporation $UNP

Peapack Gladstone Financial Corp decreased its position in shares of Union Pacific Corporation (NYSE:UNP) by 2.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 246,348 shares of the railroad operator’s stock after selling 7,248 shares during the period. Union Pacific comprises about 0.8% of Peapack Gladstone Financial Corp’s holdings, making the stock its 29th largest holding. Peapack Gladstone Financial Corp’s holdings in Union Pacific were worth $56,680,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its position in Union Pacific by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock valued at $21,475,000 after buying an additional 8,925 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of Union Pacific by 26.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 23,875 shares of the railroad operator’s stock worth $5,494,000 after acquiring an additional 4,980 shares in the last quarter. SCS Capital Management LLC increased its stake 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 acquiring an additional 21,685 shares in the last quarter. Markel Group Inc. lifted its position in Union Pacific by 13.4% during the 2nd quarter. Markel Group Inc. now owns 97,278 shares of the railroad operator’s stock valued at $22,382,000 after acquiring an additional 11,500 shares during the period. Finally, Bright Rock Capital Management LLC boosted its stake in Union Pacific by 28.9% during the second quarter. Bright Rock Capital Management LLC now owns 53,500 shares of the railroad operator’s stock worth $12,309,000 after acquiring an additional 12,000 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 0.2%

Shares of NYSE:UNP opened at $235.95 on Friday. 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. The company has a market cap of $139.96 billion, a P/E ratio of 20.05, a PEG ratio of 2.61 and a beta of 0.99. The stock’s fifty day moving average price is $226.32 and its 200-day moving average price is $225.66.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.Union Pacific’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.75 EPS. Sell-side analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. Union Pacific’s dividend payout ratio is 46.90%.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of recent research reports. Citigroup upped their price objective on shares of Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and upped their price target for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. TD Cowen reduced their price objective on Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a research note on Thursday. Finally, The Goldman Sachs Group set a $263.00 target price on Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.54.

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.