Two Sigma Advisers LP Sells 202,200 Shares of Union Pacific Co. (NYSE:UNP)

Two Sigma Advisers LP cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 83.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,301 shares of the railroad operator’s stock after selling 202,200 shares during the quarter. Two Sigma Advisers LP’s holdings in Union Pacific were worth $10,180,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cultivar Capital Inc. bought a new stake in shares of Union Pacific during the 2nd quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Union Pacific during the second quarter worth about $28,000. Financial Gravity Asset Management Inc. grew its stake in Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after buying an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Union Pacific in the 3rd quarter valued at about $30,000. Finally, Fairscale Capital LLC acquired a new position in shares of Union Pacific in the 2nd quarter valued at approximately $31,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

Union Pacific stock opened at $233.54 on Tuesday. The stock’s 50 day moving average is $238.96 and its 200 day moving average is $238.29. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The firm has a market cap of $141.59 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.31 and a beta of 1.05. 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 issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same quarter last year, the firm posted $2.51 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts expect that Union Pacific Co. will post 10.94 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a yield of 2.30%. Union Pacific’s dividend payout ratio (DPR) is currently 49.22%.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of recent analyst reports. Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Barclays boosted 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. Raymond James raised their price objective on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. Bank of America lowered their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $259.80.

About Union Pacific

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.