Chevy Chase Trust Holdings LLC Decreases Position in Union Pacific Corporation $UNP

Chevy Chase Trust Holdings LLC lessened its position in Union Pacific Corporation (NYSE:UNP) by 4.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 309,228 shares of the railroad operator’s stock after selling 12,940 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Union Pacific were worth $73,092,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UNP. Caitlin John LLC bought a new stake in shares of Union Pacific during the third quarter valued at approximately $27,000. Howard Hughes Medical Institute bought a new position in Union Pacific in the 2nd quarter valued at approximately $30,000. Total Investment Management Inc. bought a new position in Union Pacific in the 2nd quarter valued at approximately $31,000. Financial Gravity Companies Inc. purchased a new stake in Union Pacific during the 2nd quarter valued at $31,000. Finally, Sagard Holdings Management Inc. purchased a new stake in Union Pacific during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

NYSE UNP opened at $242.22 on Friday. The stock has a market capitalization of $143.73 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.65 and a beta of 0.95. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $268.14. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. The business’s fifty day moving average price is $246.47 and its 200-day moving average price is $233.81.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.91 EPS. On average, equities analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, February 27th. Union Pacific’s payout ratio is currently 46.12%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $267.00 price target on shares of Union Pacific in a research note on Tuesday, January 27th. JPMorgan Chase & Co. dropped their price objective on Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. Robert W. Baird set a $311.00 target price on Union Pacific and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, Barclays reissued an “overweight” rating and issued a $285.00 target price (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $263.77.

Union Pacific Company Profile

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.