Erste Asset Management GmbH Sells 6,704 Shares of Union Pacific Corporation $UNP

Erste Asset Management GmbH trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 28.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,821 shares of the railroad operator’s stock after selling 6,704 shares during the quarter. Erste Asset Management GmbH’s holdings in Union Pacific were worth $3,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Union Pacific during the 2nd quarter worth $1,856,340,000. Laurel Wealth Advisors LLC increased its holdings in Union Pacific by 22,618.2% during the second quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock worth $603,876,000 after buying an additional 2,613,083 shares during the last quarter. Amundi raised its position in Union Pacific by 35.6% in the second quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock worth $1,134,236,000 after acquiring an additional 1,255,231 shares during the period. Rothschild & Co Wealth Management UK Ltd boosted its stake in Union Pacific by 3,536.2% in the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock valued at $232,767,000 after acquiring an additional 983,855 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Union Pacific by 32.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock valued at $725,222,000 after acquiring an additional 778,411 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on UNP shares. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. Barclays restated an “overweight” rating and issued a $285.00 target price (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research note on Thursday, December 18th. TD Cowen lowered their price objective on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.14.

Union Pacific Price Performance

UNP stock opened at $264.62 on Friday. The firm has a 50 day moving average of $242.08 and a 200-day moving average of $231.57. The firm has a market capitalization of $157.02 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 2.89 and a beta of 0.98. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $267.88. 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 (NYSE:UNP) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $6.15 billion. During the same quarter in the prior year, the company earned $2.91 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

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 paid a dividend of $1.38 per share. The ex-dividend date of this dividend 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 currently 46.12%.

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.