Caxton Associates LP Takes Position in Union Pacific Co. (UNP)

Caxton Associates LP purchased a new position in shares of Union Pacific Co. (NYSE:UNP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,100 shares of the railroad operator’s stock, valued at approximately $555,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Union Pacific by 1.9% during the second quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock worth $6,698,588,000 after acquiring an additional 1,146,109 shares during the last quarter. BlackRock Inc. grew its position in Union Pacific by 0.3% in the 2nd quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock valued at $5,528,796,000 after buying an additional 141,521 shares in the last quarter. FMR LLC grew its position in Union Pacific by 84.6% in the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after buying an additional 4,399,980 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Union Pacific by 0.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock valued at $865,659,000 after buying an additional 46,298 shares in the last quarter. Finally, Capital World Investors grew its position in Union Pacific by 0.7% in the 2nd quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock valued at $798,093,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Shares of Union Pacific Co. (NYSE:UNP) traded down $0.06 during midday trading on Tuesday, reaching $129.05. 4,923,600 shares of the company’s stock were exchanged, compared to its average volume of 3,590,231. Union Pacific Co. has a 52 week low of $101.06 and a 52 week high of $132.00. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.83. The firm has a market cap of $101,631.36, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 2.09 and a beta of 0.90.

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

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

UNP has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Royal Bank of Canada reiterated a “hold” rating and issued a $124.00 target price on shares of Union Pacific in a research report on Thursday, November 9th. BMO Capital Markets increased their target price on shares of Union Pacific from $123.00 to $127.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Aegis lowered shares of Union Pacific from a “buy” rating to a “hold” rating and increased their target price for the company from $120.00 to $122.00 in a research report on Tuesday, October 10th. Finally, Morgan Stanley increased their target price on shares of Union Pacific from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target 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.

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

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