Primecap Management Co. CA Sells 52,226 Shares of Union Pacific Corporation $UNP

Primecap Management Co. CA cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,048,140 shares of the railroad operator’s stock after selling 52,226 shares during the quarter. Primecap Management Co. CA owned approximately 0.18% of Union Pacific worth $247,749,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. Howard Hughes Medical Institute bought a new position in shares of Union Pacific in the second quarter worth approximately $30,000. Total Investment Management Inc. bought a new stake in shares of Union Pacific during the 2nd quarter valued at $31,000. Financial Gravity Companies Inc. purchased a new position in shares of Union Pacific during the 2nd quarter valued at $31,000. Access Investment Management LLC bought a new position in Union Pacific in the 2nd quarter worth $32,000. Finally, Sagard Holdings Management Inc. bought a new position in Union Pacific in the 2nd quarter worth $33,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

NYSE UNP opened at $264.53 on Thursday. 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 $267.88. The business has a 50 day simple moving average of $240.85 and a two-hundred day simple moving average of $230.93. The stock has a market capitalization of $156.97 billion, a PE ratio of 22.10, a P/E/G ratio of 2.91 and a beta of 0.98.

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

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.1%. Union Pacific’s dividend payout ratio (DPR) is 46.12%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $267.00 price target on shares of Union Pacific in a report on Tuesday, January 27th. Royal Bank Of Canada set a $280.00 target price on Union Pacific in a research note on Thursday, December 18th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. Barclays reaffirmed an “overweight” rating and set a $285.00 price objective (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Finally, Weiss Ratings raised shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.14.

Union Pacific Company 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.