Primecap Management Co. CA Lowers Holdings in Union Pacific Corporation $UNP

Primecap Management Co. CA reduced its stake in shares of Union Pacific Corporation (NYSE:UNP) by 25.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,100,366 shares of the railroad operator’s stock after selling 383,314 shares during the period. Primecap Management Co. CA owned 0.19% of Union Pacific worth $253,172,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UNP. Envestnet Portfolio Solutions Inc. grew 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 acquiring an additional 8,925 shares during the period. LGT Group Foundation grew its holdings in shares of Union Pacific by 9.7% during the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after purchasing an additional 477 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Union Pacific by 26.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 23,875 shares of the railroad operator’s stock worth $5,494,000 after purchasing an additional 4,980 shares in the last quarter. Nuveen LLC purchased a new position in Union Pacific in the first quarter valued at approximately $988,822,000. Finally, SlateStone Wealth LLC lifted its position in Union Pacific by 6.2% during the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after buying an additional 772 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UNP. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. BMO Capital Markets reduced their price objective on Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Royal Bank Of Canada increased their target price on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and boosted their price target for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Finally, Cowen restated a “buy” rating on shares of Union Pacific in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Trading Down 0.0%

Shares of UNP opened at $220.97 on Wednesday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The stock has a 50-day moving average price of $224.36 and a 200 day moving average price of $224.79. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The company has a market capitalization of $131.07 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.27 and a beta of 1.04.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.75 EPS. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, December 5th. Union Pacific’s dividend payout ratio is 46.90%.

Union Pacific 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.