Pointstate Capital Lp buys $184,810,541 stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Pointstate Capital Lp scooped up 538,500 additional shares in Union Pacific Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,858,700 shares of Union Pacific Corporation which is valued at $184,810,541.Union Pacific Corporation makes up approximately 2.65% of Pointstate Capital Lp’s portfolio.

Other Hedge Funds, Including , B T Capital Management Dba Alpha Capital Management added UNP to its portfolio by purchasing 2,080 company shares during the most recent quarter which is valued at $206,814. Union Pacific Corporation makes up approx 0.15% of B T Capital Management Dba Alpha Capital Management’s portfolio.Ashmore Wealth Management reduced its stake in UNP by selling 432,388 shares or 47.36% in the most recent quarter. The Hedge Fund company now holds 480,555 shares of UNP which is valued at $46,849,307. Union Pacific Corporation makes up approx 2.92% of Ashmore Wealth Management’s portfolio. Brighton Jones added UNP to its portfolio by purchasing 2,053 company shares during the most recent quarter which is valued at $181,424. Union Pacific Corporation makes up approx 0.03% of Brighton Jones’s portfolio.

Union Pacific Corporation opened for trading at $98.93 and hit $100 on the upside on Monday, eventually ending the session at $99.83, with a gain of 1.03% or 1.02 points. The heightened volatility saw the trading volume jump to 36,53,396 shares. Company has a market cap of $82,271 M.

On the company’s financial health, Union Pacific Corporation reported $1.36 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Oct 20, 2016. Analyst had a consensus of $1.40. The company had revenue of $5174.00 million for the quarter, compared to analysts expectations of $5176.28 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.50 EPS.

Investors should note that on Nov 17, 2016, Union Pacific Corporation announced a cash dividend of $0.6050. The company’s management has announced Nov 28, 2016 as the ex-dividend date and fixed the record date on Nov 30, 2016. The payable date has been fixed on Dec 29, 2016.

Many Wall Street Analysts have commented on Union Pacific Corporation. Seaport Global Securities Initiated Union Pacific Corporation on Oct 24, 2016 to “Buy”, Price Target of the shares are set at $100.Shares were Downgraded by RBC Capital Mkts on Oct 21, 2016 to ” Sector Perform” and Lowered the Price Target to $ 98 from a previous price target of $107 .Shares were Downgraded by Cowen on Oct 20, 2016 to ” Market Perform” and Lowered the Price Target to $ 91 from a previous price target of $99 .

Union Pacific Corporation operates through its principal operating company Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States which has 31974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail providing a supply chain link around the world. Its business mix includes agricultural products automotive chemicals coal industrial products and intermodal. The Company serves United States population centers operates from West Coast and Gulf Coast ports to eastern gateways connects with Canada’s rail systems and serves six Mexico gateways. The Company’s freight traffic consists of bulk manifest and premium business.

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