American Century Companies Inc. Cuts Stock Position in Union Pacific Corporation $UNP

American Century Companies Inc. decreased its position in shares of Union Pacific Corporation (NYSE:UNP) by 13.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,006,823 shares of the railroad operator’s stock after selling 160,326 shares during the period. American Century Companies Inc. owned 0.17% of Union Pacific worth $237,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Caitlin John LLC purchased a new stake in shares of Union Pacific during the 3rd quarter valued at $27,000. Howard Hughes Medical Institute acquired a new position in Union Pacific during the 2nd quarter valued at about $30,000. Financial Gravity Companies Inc. purchased a new stake in Union Pacific in the second quarter valued at about $31,000. Total Investment Management Inc. acquired a new stake in Union Pacific in the second quarter worth about $31,000. Finally, Access Investment Management LLC acquired a new stake in Union Pacific in the second quarter worth about $32,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. TD Cowen cut their price target on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Barclays reaffirmed an “overweight” rating and issued a $285.00 price target (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Susquehanna reissued a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $295.00 target price on shares of Union Pacific in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.14.

Union Pacific Stock Down 0.3%

Union Pacific stock opened at $264.62 on Friday. The business’s 50-day moving average price is $242.08 and its 200 day moving average price is $231.57. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The firm has a market cap of $157.02 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 2.89 and a beta of 0.98. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $267.88.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.91 earnings per share. As a group, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. Union Pacific’s dividend payout ratio is 46.12%.

Union Pacific 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.