Capital Research Global Investors Has $3.08 Billion Holdings in Union Pacific Co. (UNP)

Capital Research Global Investors cut its holdings in Union Pacific Co. (NYSE:UNP) by 32.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,326,068 shares of the railroad operator’s stock after selling 13,834,801 shares during the period. Union Pacific accounts for about 1.0% of Capital Research Global Investors’ holdings, making the stock its 24th biggest position. Capital Research Global Investors owned 3.54% of Union Pacific worth $3,084,992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UNP. Assetmark Inc. increased its holdings in shares of Union Pacific by 2.9% during the 1st quarter. Assetmark Inc. now owns 4,001 shares of the railroad operator’s stock worth $424,000 after buying an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Union Pacific by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,493 shares of the railroad operator’s stock worth $1,111,000 after buying an additional 1,130 shares during the last quarter. Rational Advisors LLC acquired a new stake in shares of Union Pacific during the 1st quarter worth $773,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Union Pacific during the 1st quarter worth $221,000. Finally, Airain ltd acquired a new stake in shares of Union Pacific during the 1st quarter worth $5,958,000. Institutional investors own 78.63% of the company’s stock.

Shares of Union Pacific Co. (UNP) traded up $0.65 during trading on Friday, reaching $129.11. 3,575,771 shares of the company were exchanged, compared to its average volume of 3,810,760. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83. Union Pacific Co. has a 12-month low of $101.06 and a 12-month high of $132.00. The stock has a market cap of $101,631.39, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.09 and a beta of 0.90.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the prior year, the company earned $1.36 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. analysts predict that Union Pacific Co. will post 5.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a $0.665 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, November 29th. Union Pacific’s dividend payout ratio is presently 47.00%.

A number of analysts have recently commented on the company. Stifel Nicolaus upped their price objective on Union Pacific from $118.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price objective on shares of Union Pacific in a report on Friday, August 25th. Morgan Stanley upped their price objective on Union Pacific from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 31st. BMO Capital Markets restated a “buy” rating and set a $123.00 price objective on shares of Union Pacific in a report on Friday, September 15th. Finally, Goldman Sachs Group assumed coverage on Union Pacific in a report on Monday, November 13th. They set a “sell” rating and a $103.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $118.53.

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About Union Pacific

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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