Primecap Management Co. CA Decreases Position in Union Pacific Corporation $UNP

Primecap Management Co. CA decreased its stake in Union Pacific Corporation (NYSE:UNP) by 4.7% in the third quarter, Holdings Channel.com reports. The firm owned 1,048,140 shares of the railroad operator’s stock after selling 52,226 shares during the period. Primecap Management Co. CA’s holdings in Union Pacific were worth $247,749,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Union Pacific during the second quarter valued at $1,856,340,000. Laurel Wealth Advisors LLC boosted its stake 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 worth $603,876,000 after purchasing an additional 2,613,083 shares during the period. Amundi boosted its stake in shares of Union Pacific by 35.6% during the 2nd quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock worth $1,134,236,000 after purchasing an additional 1,255,231 shares during the period. Rothschild & Co Wealth Management UK Ltd grew its holdings in Union Pacific by 3,536.2% during the 2nd quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock valued at $232,767,000 after purchasing an additional 983,855 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Union Pacific by 32.8% in the 2nd 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. 80.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on UNP. Susquehanna restated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. Citigroup reissued a “buy” rating and set a $270.00 price target (up from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a report on Thursday, December 11th. TD Cowen reduced their target price on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.14.

Union Pacific Trading Down 0.8%

Shares of NYSE UNP opened at $264.53 on Thursday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $267.88. The firm has a market cap of $156.97 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.91 and a beta of 0.98. The business has a fifty day simple moving average of $240.85 and a two-hundred day simple moving average of $230.93. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64.

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

Union Pacific Announces Dividend

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

About Union Pacific

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.