Cypress Asset Management Inc. TX Reduces Position in Union Pacific Co. (NYSE:UNP)

Cypress Asset Management Inc. TX lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 22,802 shares of the railroad operator’s stock after selling 400 shares during the quarter. Union Pacific comprises approximately 1.3% of Cypress Asset Management Inc. TX’s investment portfolio, making the stock its 22nd largest position. Cypress Asset Management Inc. TX’s holdings in Union Pacific were worth $3,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in Union Pacific by 3.9% during the second quarter. Northern Trust Corp now owns 8,546,069 shares of the railroad operator’s stock worth $1,445,226,000 after acquiring an additional 318,092 shares during the period. Nuveen Asset Management LLC raised its position in Union Pacific by 1,957.4% during the second quarter. Nuveen Asset Management LLC now owns 8,164,209 shares of the railroad operator’s stock worth $1,380,648,000 after acquiring an additional 7,767,384 shares during the period. Soroban Capital Partners LP raised its position in Union Pacific by 69.6% during the second quarter. Soroban Capital Partners LP now owns 4,320,067 shares of the railroad operator’s stock worth $730,567,000 after acquiring an additional 1,772,727 shares during the period. Invesco Ltd. raised its position in Union Pacific by 106.4% during the second quarter. Invesco Ltd. now owns 4,282,775 shares of the railroad operator’s stock worth $724,260,000 after acquiring an additional 2,207,908 shares during the period. Finally, Boston Partners raised its position in Union Pacific by 11.4% during the second quarter. Boston Partners now owns 3,311,761 shares of the railroad operator’s stock worth $560,158,000 after acquiring an additional 338,049 shares during the period. 77.81% of the stock is currently owned by institutional investors.

Shares of UNP traded up $3.92 during mid-day trading on Monday, reaching $165.42. The stock had a trading volume of 338,274 shares, compared to its average volume of 4,006,473. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.89 and a quick ratio of 0.58. Union Pacific Co. has a 52-week low of $128.08 and a 52-week high of $180.54. The business’s fifty day moving average is $162.50 and its 200 day moving average is $168.82. The firm has a market cap of $115.32 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.87 and a beta of 1.07.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 17th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.07). Union Pacific had a net margin of 27.28% and a return on equity of 32.65%. The firm had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the prior year, the company posted $2.15 EPS. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Union Pacific Co. will post 8.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $0.97 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio is currently 49.05%.

UNP has been the subject of a number of recent research reports. Credit Suisse Group increased their target price on shares of Union Pacific from $182.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday. Loop Capital increased their target price on shares of Union Pacific to $191.00 in a research report on Friday, July 19th. Sanford C. Bernstein set a $177.00 target price on shares of Union Pacific and gave the company a “hold” rating in a research report on Friday, July 19th. TD Securities reduced their target price on shares of Union Pacific from $175.00 to $170.00 and set a “hold” rating for the company in a research report on Friday. Finally, Atlantic Securities upgraded shares of Union Pacific from a “neutral” rating to an “overweight” rating and increased their target price for the company from $175.00 to $195.00 in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $179.50.

In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the completion of the transaction, the executive vice president now owns 94,943 shares of the company’s stock, valued at $17,093,537.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 9.96% of the company’s stock.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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