Archon Partners LLC Sells 10,000 Shares of Union Pacific Corporation $UNP

Archon Partners LLC decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 11.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,000 shares of the railroad operator’s stock after selling 10,000 shares during the period. Union Pacific makes up about 2.0% of Archon Partners LLC’s holdings, making the stock its 19th largest holding. Archon Partners LLC’s holdings in Union Pacific were worth $17,256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Union Pacific during the 2nd quarter valued at about $1,856,340,000. Northern Trust Corp lifted its position in Union Pacific by 2.0% during the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after purchasing an additional 142,732 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Union Pacific by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after buying an additional 354,463 shares in the last quarter. Fisher Asset Management LLC grew its stake in Union Pacific by 0.7% in the 2nd quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock worth $1,472,217,000 after buying an additional 46,436 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after buying an additional 86,292 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Down 1.5%

Shares of UNP opened at $231.86 on Wednesday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The firm’s 50-day moving average price is $226.29 and its 200-day moving average price is $225.52. The firm has a market capitalization of $137.53 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.61 and a beta of 0.99.

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

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s payout ratio is currently 46.90%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on UNP. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. Argus cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. UBS Group set a $253.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. BMO Capital Markets lowered their price target on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Finally, The Goldman Sachs Group set a $263.00 price objective on Union Pacific and gave the company a “neutral” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $261.63.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.