QRG Capital Management Inc. Sells 30,010 Shares of Union Pacific Corporation $UNP

QRG Capital Management Inc. lessened its position in Union Pacific Corporation (NYSE:UNP) by 34.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,232 shares of the railroad operator’s stock after selling 30,010 shares during the period. QRG Capital Management Inc.’s holdings in Union Pacific were worth $13,528,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its holdings in Union Pacific by 10.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock worth $21,475,000 after buying an additional 8,925 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in Union Pacific by 26.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 23,875 shares of the railroad operator’s stock valued at $5,494,000 after purchasing an additional 4,980 shares in the last quarter. Union Bancaire Privee UBP SA raised its holdings in Union Pacific by 9.8% in the third quarter. Union Bancaire Privee UBP SA now owns 52,849 shares of the railroad operator’s stock worth $12,492,000 after buying an additional 4,707 shares during the last quarter. CX Institutional lifted its stake in shares of Union Pacific by 39.8% in the third quarter. CX Institutional now owns 65,826 shares of the railroad operator’s stock worth $15,559,000 after buying an additional 18,742 shares in the last quarter. Finally, SCS Capital Management LLC increased its position in shares of Union Pacific by 165.2% during the second quarter. SCS Capital Management LLC now owns 34,808 shares of the railroad operator’s stock valued at $8,009,000 after acquiring an additional 21,685 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on UNP shares. Cowen reiterated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a report on Thursday, December 11th. Susquehanna restated a “positive” rating and set a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of Union Pacific from $267.00 to $270.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Finally, UBS Group set a $253.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.58.

Union Pacific Stock Performance

UNP opened at $229.75 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a market cap of $136.28 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.66 and a beta of 0.99. The company’s 50 day moving average is $230.72 and its 200 day moving average is $227.21.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the previous year, the firm posted $2.75 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, December 5th. Union Pacific’s payout ratio is 46.90%.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.