Holocene Advisors LP Lowers Stake in Union Pacific Co. (NYSE:UNP)

Holocene Advisors LP cut its position in Union Pacific Co. (NYSE:UNP) by 63.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 350,902 shares of the railroad operator’s stock after selling 612,583 shares during the period. Holocene Advisors LP owned about 0.06% of Union Pacific worth $86,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of UNP. Marshall Wace LLP grew its position in shares of Union Pacific by 272.3% during the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock worth $379,689,000 after purchasing an additional 1,227,318 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Union Pacific by 19,878.6% during the 3rd quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock valued at $220,856,000 after buying an additional 891,555 shares in the last quarter. Impax Asset Management Group plc grew its holdings in Union Pacific by 2,025.4% during the 3rd quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock valued at $134,636,000 after buying an additional 520,536 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Union Pacific by 170.9% in the third quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock worth $181,470,000 after buying an additional 464,477 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its stake in Union Pacific by 186.4% during the second quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock valued at $159,461,000 after acquiring an additional 458,664 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Down 0.2 %

Union Pacific stock opened at $244.66 on Monday. The business has a fifty day moving average price of $240.12 and a 200-day moving average price of $238.45. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.66. The stock has a market capitalization of $148.33 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 2.42 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.51 EPS. Equities research analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 annualized dividend and a dividend yield of 2.19%. Union Pacific’s payout ratio is currently 49.22%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Raymond James raised their price target on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Susquehanna decreased their target price on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Company 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.