Martingale Asset Management L P Has $8.32 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Martingale Asset Management L P lowered its stake in Union Pacific Co. (NYSE:UNP) by 33.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 33,738 shares of the railroad operator’s stock after selling 17,270 shares during the period. Martingale Asset Management L P’s holdings in Union Pacific were worth $8,316,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Marshall Wace LLP grew its position in shares of Union Pacific by 272.3% in the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock valued at $379,689,000 after purchasing an additional 1,227,318 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Union Pacific by 19,878.6% in 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 purchasing an additional 891,555 shares during the period. Impax Asset Management Group plc grew its holdings in Union Pacific by 2,025.4% in 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 grew its holdings in Union Pacific by 170.9% in the 3rd quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock valued at $181,470,000 after buying an additional 464,477 shares in the last quarter. Finally, Bridges Investment Management Inc. increased its position in Union Pacific by 186.4% during the 2nd quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock worth $159,461,000 after buying an additional 458,664 shares during the period. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Down 0.1 %

UNP opened at $244.87 on Friday. The company’s 50 day moving average is $240.12 and its 200-day moving average is $238.55. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The company has a market cap of $148.45 billion, a P/E ratio of 22.49, a PEG ratio of 2.43 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted 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). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the previous year, the business posted $2.51 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

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

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of recent research reports. BMO Capital Markets lowered their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Susquehanna lowered their price target 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. Barclays raised their price target on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein lowered their price target on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Finally, Bank of America lowered their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific 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.