Union Pacific Corporation (UNP) : Todd Asset Management reduced its stake in Union Pacific Corporation by 7.25% during the most recent quarter end. The investment management company now holds a total of 227,438 shares of Union Pacific Corporation which is valued at $21,122,167 after selling 17,768 shares in Union Pacific Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Union Pacific Corporation makes up approximately 0.65% of Todd Asset Management’s portfolio.
Other Hedge Funds, Including , Pettee Investors reduced its stake in UNP by selling 100 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 5,550 shares of UNP which is valued at $515,429. Union Pacific Corporation makes up approx 0.49% of Pettee Investors’s portfolio.First Midwest Bank Trust Division reduced its stake in UNP by selling 10 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 5,872 shares of UNP which is valued at $538,051. Union Pacific Corporation makes up approx 0.06% of First Midwest Bank Trust Division’s portfolio.Shinko Asset Management Ltd. boosted its stake in UNP in the latest quarter, The investment management firm added 831 additional shares and now holds a total of 8,586 shares of Union Pacific Corporation which is valued at $797,210. Union Pacific Corporation makes up approx 0.01% of Shinko Asset Management Ltd.’s portfolio.Nikko Asset Management Americas reduced its stake in UNP by selling 900 shares or 17.31% in the most recent quarter. The Hedge Fund company now holds 4,300 shares of UNP which is valued at $404,716. Union Pacific Corporation makes up approx 0.04% of Nikko Asset Management Americas’s portfolio.Cohen Lawrence B reduced its stake in UNP by selling 108 shares or 3.53% in the most recent quarter. The Hedge Fund company now holds 2,948 shares of UNP which is valued at $267,354. Union Pacific Corporation makes up approx 0.16% of Cohen Lawrence B’s portfolio.
Union Pacific Corporation closed down -0.2 points or -0.22% at $92.67 with 22,45,940 shares getting traded on Thursday. Post opening the session at $92.37, the shares hit an intraday low of $91.9426 and an intraday high of $93.09 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.