Union Pacific Corporation $UNP Stock Position Decreased by Picton Mahoney Asset Management

Picton Mahoney Asset Management lowered its holdings in Union Pacific Corporation (NYSE:UNP) by 41.1% during the third quarter, HoldingsChannel.com reports. The fund owned 10,232 shares of the railroad operator’s stock after selling 7,128 shares during the period. Picton Mahoney Asset Management’s holdings in Union Pacific were worth $2,418,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA raised its position in Union Pacific by 9.8% in the third quarter. Union Bancaire Privee UBP SA now owns 52,849 shares of the railroad operator’s stock worth $12,492,000 after acquiring an additional 4,707 shares in the last quarter. Midwest Trust Co grew its position in Union Pacific by 2.8% in the third quarter. Midwest Trust Co now owns 281,036 shares of the railroad operator’s stock worth $66,428,000 after buying an additional 7,759 shares during the last quarter. CX Institutional increased its holdings in shares of Union Pacific by 39.8% in the third quarter. CX Institutional now owns 65,826 shares of the railroad operator’s stock valued at $15,559,000 after buying an additional 18,742 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Union Pacific by 15.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 135,188 shares of the railroad operator’s stock worth $31,955,000 after acquiring an additional 17,696 shares during the last quarter. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Union Pacific during the third quarter valued at $802,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $260.04 on Friday. The firm’s 50-day moving average price is $244.48 and its two-hundred day moving average price is $232.70. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. 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 $154.31 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 2.91 and a beta of 0.95.

Union Pacific (NYSE:UNP) last released 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 company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. Union Pacific’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $2.91 earnings per share. On average, equities analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business 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. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, February 27th. Union Pacific’s dividend payout ratio is currently 46.12%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. The Goldman Sachs Group restated a “neutral” rating and set a $267.00 price target on shares of Union Pacific in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a research note on Thursday, December 11th. TD Cowen dropped their price target on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Finally, Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.14.

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.