Chevy Chase Trust Holdings LLC Has $82.23 Million Holdings in Union Pacific Co. (NYSE:UNP)

Chevy Chase Trust Holdings LLC decreased its position in Union Pacific Co. (NYSE:UNP) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333,621 shares of the railroad operator’s stock after selling 9,342 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.06% of Union Pacific worth $82,231,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in shares of Union Pacific by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after buying an additional 106,996 shares in the last quarter. Fisher Asset Management LLC raised its stake in Union Pacific by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock worth $1,549,271,000 after purchasing an additional 143,896 shares in the last quarter. Legal & General Group Plc boosted its holdings in Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after purchasing an additional 124,571 shares during the period. FMR LLC grew its position in shares of Union Pacific by 0.6% during the 3rd quarter. FMR LLC now owns 5,020,107 shares of the railroad operator’s stock worth $1,237,356,000 after purchasing an additional 31,899 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Union Pacific by 8.3% during the second quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock worth $954,530,000 after purchasing an additional 322,129 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein cut their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Citigroup upped their target price on Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Robert W. Baird decreased their price target on Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company cut their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Benchmark reissued a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Stock Performance

Union Pacific stock opened at $244.66 on Monday. The business has a 50 day moving average of $240.12 and a 200-day moving average of $238.45. The company has a market capitalization of $148.33 billion, a P/E ratio of 22.47, a P/E/G ratio of 2.42 and a beta of 1.06. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63.

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

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Monday, December 9th. Union Pacific’s dividend payout ratio is currently 49.22%.

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.