Rhumbline Advisers Cuts Stock Holdings in Union Pacific Corporation $UNP

Rhumbline Advisers cut its holdings in Union Pacific Corporation (NYSE:UNP) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,125,248 shares of the railroad operator’s stock after selling 2,024 shares during the period. Rhumbline Advisers owned approximately 0.19% of Union Pacific worth $265,975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in UNP. Norges Bank bought a new position in shares of Union Pacific during the second quarter valued at approximately $1,856,340,000. Fisher Asset Management LLC grew its stake in shares of Union Pacific by 0.7% in the 2nd quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock worth $1,472,217,000 after buying an additional 46,436 shares during the last quarter. Amundi increased its holdings in shares of Union Pacific by 35.6% during the second quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock valued at $1,134,236,000 after acquiring an additional 1,255,231 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Union Pacific by 32.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock worth $725,222,000 after buying an additional 778,411 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its position in Union Pacific by 22,618.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after acquiring an additional 2,613,083 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE UNP opened at $261.47 on Wednesday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $261.55. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.60. The firm’s 50 day simple moving average is $234.90 and its 200-day simple moving average is $227.90. The stock has a market capitalization of $155.15 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.77 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 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. During the same period in the previous year, the business posted $2.91 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on UNP shares. Royal Bank Of Canada set a $280.00 target price on Union Pacific in a report on Thursday, December 18th. 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. Weiss Ratings raised Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, January 27th. Finally, 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. One 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 stock. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.32.

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.