MARSHALL WACE ASIA Ltd Acquires New Holdings in Union Pacific Co. (UNP)

MARSHALL WACE ASIA Ltd acquired a new position in Union Pacific Co. (NYSE:UNP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 122,182 shares of the railroad operator’s stock, valued at approximately $19,895,000.

Several other large investors have also recently bought and sold shares of UNP. Worth Venture Partners LLC purchased a new stake in shares of Union Pacific during the third quarter valued at approximately $114,000. Landaas & Co. WI ADV purchased a new stake in shares of Union Pacific during the second quarter valued at approximately $133,000. grace capital purchased a new stake in shares of Union Pacific during the second quarter valued at approximately $142,000. Brand Asset Management Group Inc. purchased a new stake in shares of Union Pacific during the second quarter valued at approximately $169,000. Finally, Point72 Hong Kong Ltd grew its holdings in shares of Union Pacific by 620.5% during the third quarter. Point72 Hong Kong Ltd now owns 1,088 shares of the railroad operator’s stock valued at $177,000 after buying an additional 937 shares during the last quarter. Hedge funds and other institutional investors own 79.42% of the company’s stock.

Shares of UNP stock opened at $147.45 on Friday. Union Pacific Co. has a 12-month low of $121.22 and a 12-month high of $165.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.89 and a current ratio of 1.06. The company has a market capitalization of $111.76 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.81 and a beta of 0.94.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.05. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. The business had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.88 billion. During the same period last year, the firm earned $1.50 earnings per share. As a group, equities analysts predict that Union Pacific Co. will post 7.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be given a $0.80 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.20 annualized dividend and a yield of 2.17%. Union Pacific’s payout ratio is presently 55.27%.

In other Union Pacific news, EVP Robert M. Knight, Jr. sold 20,000 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $163.81, for a total value of $3,276,200.00. Following the transaction, the executive vice president now directly owns 106,518 shares in the company, valued at $17,448,713.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.

UNP has been the topic of a number of recent analyst reports. Loop Capital upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Morgan Stanley cut shares of Union Pacific from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $141.00 to $134.00 in a report on Monday, October 22nd. Barclays restated a “buy” rating and issued a $180.00 target price on shares of Union Pacific in a report on Wednesday, September 26th. Bank of America raised their target price on shares of Union Pacific from $175.00 to $177.00 and gave the stock a “buy” rating in a report on Monday, October 1st. Finally, Credit Suisse Group raised their target price on shares of Union Pacific from $167.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, September 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Union Pacific has a consensus rating of “Buy” and a consensus price target of $165.24.

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Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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

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