Primecap Management Co. CA Boosts Stock Position in Union Pacific Co. (NYSE:UNP)

Primecap Management Co. CA lifted its position in Union Pacific Co. (NYSE:UNP) by 0.1% during the third quarter, HoldingsChannel.com reports. The fund owned 1,605,010 shares of the railroad operator’s stock after acquiring an additional 840 shares during the period. Primecap Management Co. CA’s holdings in Union Pacific were worth $395,603,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UNP. Cultivar Capital Inc. acquired a new stake in shares of Union Pacific in the second quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Union Pacific in the second quarter worth approximately $28,000. Financial Gravity Asset Management Inc. boosted its stake in shares of Union Pacific by 3,250.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after acquiring an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Union Pacific in the third quarter worth approximately $30,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Union Pacific in the second quarter worth approximately $31,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Price Performance

UNP stock opened at $233.56 on Thursday. 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 company has a market capitalization of $141.60 billion, a PE ratio of 21.45, a P/E/G ratio of 2.31 and a beta of 1.06. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66. The business’s fifty day moving average price is $240.86 and its 200 day moving average price is $238.51.

Union Pacific (NYSE:UNP) last issued 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). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter last year, the company earned $2.51 EPS. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UNP. BMO Capital Markets lowered their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Evercore ISI lowered Union Pacific from an “outperform” rating to an “inline” rating and lowered their price objective for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Susquehanna lowered their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Citigroup boosted their price objective on Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $259.80.

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.