Primecap Management Co. CA Grows Holdings in Union Pacific Co. (NYSE:UNP)

Primecap Management Co. CA grew its holdings in Union Pacific Co. (NYSE:UNP) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,605,010 shares of the railroad operator’s stock after purchasing an additional 840 shares during the period. Primecap Management Co. CA owned about 0.26% of Union Pacific worth $395,603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in UNP. Marshall Wace LLP increased its stake in shares of Union Pacific by 272.3% during the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock valued at $379,689,000 after buying an additional 1,227,318 shares during the period. Capital World Investors increased its stake in shares of Union Pacific by 35.3% during the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock valued at $1,012,857,000 after buying an additional 1,073,625 shares during the period. International Assets Investment Management LLC boosted its position in Union Pacific by 19,878.6% during the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock valued at $220,856,000 after purchasing an additional 891,555 shares in the last quarter. Impax Asset Management Group plc boosted its position in Union Pacific by 2,025.4% during the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock valued at $134,636,000 after purchasing an additional 520,536 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Union Pacific by 170.9% during the third quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock valued at $181,470,000 after purchasing an additional 464,477 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. TD Cowen dropped their price objective on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research report on Friday, October 25th. Wells Fargo & Company dropped their price objective on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Barclays raised their price target on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Stock Up 0.1 %

Shares of UNP stock opened at $233.56 on Thursday. The stock has a 50 day moving average of $240.86 and a 200 day moving average of $238.51. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The stock has a market cap of $141.60 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.31 and a beta of 1.06. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.51 earnings per share. As a group, sell-side analysts expect that Union Pacific Co. will post 10.94 EPS for the current year.

Union Pacific Profile

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.