Suffolk Capital Management adds Union Pacific Corporation (UNP) to its portfolio

Union Pacific Corporation (UNP) : Suffolk Capital Management added new position in Union Pacific Corporation during the most recent quarter end. The investment management firm now holds 127,623 shares of Union Pacific Corporation which is valued at $11,863,834 , the company said in a statement filed on Aug 8, 2016 with the SEC.Union Pacific Corporation makes up approximately 1.42% of Suffolk Capital Management’s portfolio.

Other Hedge Funds, Including , Nelson Van Denburg Campbell Wealth Management Group reduced its stake in UNP by selling 12,523 shares or 31.28% in the most recent quarter. The Hedge Fund company now holds 27,509 shares of UNP which is valued at $2,581,720. Union Pacific Corporation makes up approx 1.06% of Nelson Van Denburg Campbell Wealth Management Group’s portfolio.Cobiz Investment Management reduced its stake in UNP by selling 1,855 shares or 14.82% in the most recent quarter. The Hedge Fund company now holds 10,660 shares of UNP which is valued at $989,994. Union Pacific Corporation makes up approx 0.24% of Cobiz Investment Management’s portfolio. Spectrum Management Group sold out all of its stake in UNP during the most recent quarter. The investment firm sold 900 shares of UNP which is valued $83,745.Greystone Investment Management reduced its stake in UNP by selling 14,914 shares or 22.19% in the most recent quarter. The Hedge Fund company now holds 52,305 shares of UNP which is valued at $4,792,707. Union Pacific Corporation makes up approx 2.09% of Greystone Investment Management’s portfolio.

Union Pacific Corporation opened for trading at $92.46 and hit $93.27 on the upside on Monday, eventually ending the session at $92.5, with a gain of 0.65% or 0.6 points. The heightened volatility saw the trading volume jump to 27,34,009 shares. Company has a market cap of $77,045 M.

On the company’s financial health, Union Pacific Corporation reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.16. The company had revenue of $4770.00 million for the quarter, compared to analysts expectations of $4784.60 million. The company’s revenue was down -12.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.38 EPS.

Investors should note that on Jul 28, 2016, Union Pacific Corporation announced a cash dividend of $0.5500. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Union Pacific Corporation. Deutsche Bank Downgraded Union Pacific Corporation on Jul 20, 2016 to ” Hold”, Price Target of the shares are set at $94.Morgan Stanley Upgraded Union Pacific Corporation on Jun 3, 2016 to ” Overweight”, Price Target of the shares are set at $90.Union Pacific Corporation was Initiated by Credit Agricole to “Sell” on May 19, 2016.

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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