Dodge & Cox Reduces Holdings in Union Pacific Corporation $UNP

Dodge & Cox lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 272,881 shares of the railroad operator’s stock after selling 2,560 shares during the quarter. Dodge & Cox’s holdings in Union Pacific were worth $64,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Union Pacific during the 2nd quarter worth approximately $1,856,340,000. Capital World Investors boosted its position in shares of Union Pacific by 193.3% during the third quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock valued at $2,477,404,000 after purchasing an additional 6,908,016 shares in the last quarter. Capital Research Global Investors grew its stake in Union Pacific by 95.0% in the third quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock worth $2,059,538,000 after purchasing an additional 4,244,226 shares during the period. Laurel Wealth Advisors LLC raised its holdings in Union Pacific by 22,618.2% in the second 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 in the last quarter. Finally, Baupost Group LLC MA purchased a new position in Union Pacific during the third quarter valued at $353,658,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays reiterated an “overweight” rating and set a $285.00 target price (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a report on Thursday, December 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $295.00 price target on shares of Union Pacific in a research note on Thursday, February 19th. Susquehanna restated a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. Finally, TD Cowen dropped their target price on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $263.77.

Union Pacific Price Performance

NYSE UNP opened at $242.22 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $268.14. The stock has a market capitalization of $143.73 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.66 and a beta of 0.95. The business’s fifty day moving average price is $246.47 and its 200-day moving average price is $233.74.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.15 billion. During the same quarter last year, the company posted $2.91 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is presently 46.12%.

Union Pacific 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.