Skye Global Management LP Has $146.90 Million Position in Union Pacific Co. (NYSE:UNP)

Skye Global Management LP decreased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 44.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 596,000 shares of the railroad operator’s stock after selling 481,170 shares during the quarter. Union Pacific accounts for approximately 3.5% of Skye Global Management LP’s portfolio, making the stock its 5th largest position. Skye Global Management LP’s holdings in Union Pacific were worth $146,902,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Fairhaven Wealth Management LLC grew its stake in Union Pacific by 1.7% in the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after buying an additional 43 shares in the last quarter. Chesapeake Wealth Management grew its position in Union Pacific by 0.5% in the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after acquiring an additional 43 shares in the last quarter. Azzad Asset Management Inc. ADV increased its stake in Union Pacific by 0.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock valued at $1,897,000 after acquiring an additional 44 shares during the last quarter. Montecito Bank & Trust raised its position in Union Pacific by 0.4% during the second quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator’s stock valued at $2,691,000 after purchasing an additional 45 shares in the last quarter. Finally, Traveka Wealth LLC boosted its holdings in shares of Union Pacific by 3.4% in the 3rd quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock worth $335,000 after purchasing an additional 45 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

UNP stock opened at $245.23 on Friday. The firm has a 50-day moving average of $240.13 and a 200 day moving average of $238.56. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The company has a market cap of $148.67 billion, a P/E ratio of 22.52, a PEG ratio of 2.43 and a beta of 1.06. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66.

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

Union Pacific Dividend Announcement

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

Wall Street Analyst Weigh In

UNP has been the topic of several research reports. Evercore ISI downgraded shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Citigroup upped their price target on shares of Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. BMO Capital Markets reduced their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Finally, Stifel Nicolaus dropped their price objective on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.