Union Pacific Co. (NYSE:UNP) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its holdings in Union Pacific Co. (NYSE:UNP) by 64.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,893 shares of the railroad operator’s stock after selling 10,469 shares during the quarter. Quantbot Technologies LP’s holdings in Union Pacific were worth $1,453,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in shares of Union Pacific by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after buying an additional 106,996 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Union Pacific by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock worth $1,549,271,000 after buying an additional 143,896 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Union Pacific by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock worth $1,350,924,000 after buying an additional 124,571 shares during the last quarter. FMR LLC raised its stake in shares of Union Pacific by 0.6% during the 3rd quarter. FMR LLC now owns 5,020,107 shares of the railroad operator’s stock worth $1,237,356,000 after buying an additional 31,899 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Union Pacific by 8.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock worth $954,530,000 after buying an additional 322,129 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UNP. Benchmark reaffirmed a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research note on Friday, October 25th. Evercore ISI downgraded shares of Union Pacific from an “outperform” rating to an “inline” rating and cut their target price for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. BMO Capital Markets cut their target price on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Finally, TD Cowen cut their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Stock Down 0.1 %

Shares of NYSE:UNP opened at $244.87 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. 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 $148.45 billion, a P/E ratio of 22.49, a PEG ratio of 2.43 and a beta of 1.06. The stock has a 50-day simple moving average of $240.12 and a 200-day simple moving average of $238.55.

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

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, December 9th. Union Pacific’s dividend payout ratio is presently 49.22%.

About Union Pacific

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.