Chevy Chase Trust Holdings LLC Sells 9,342 Shares of Union Pacific Co. (NYSE:UNP)

Chevy Chase Trust Holdings LLC reduced its position in Union Pacific Co. (NYSE:UNP) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. 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’s holdings in Union Pacific were worth $82,231,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Shellback Capital LP grew its holdings in Union Pacific by 28.2% during the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after acquiring an additional 4,400 shares during the period. Peoples Bank KS acquired a new stake in Union Pacific during the third quarter worth approximately $834,000. Maj Invest Holding A S increased its holdings in Union Pacific by 0.3% in the third quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after purchasing an additional 2,202 shares in the last quarter. Radnor Capital Management LLC acquired a new position in Union Pacific in the third quarter valued at approximately $2,923,000. Finally, Signature Estate & Investment Advisors LLC boosted its stake in Union Pacific by 190.5% during the third quarter. Signature Estate & Investment Advisors LLC now owns 4,430 shares of the railroad operator’s stock worth $1,092,000 after acquiring an additional 2,905 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UNP has been the topic of several research reports. TD Cowen dropped their price objective on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Citigroup upped their target price on Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Royal Bank of Canada reduced their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Evercore ISI downgraded shares of 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 report on Wednesday, September 25th. Finally, Stifel Nicolaus lowered their price target on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Stock Performance

NYSE:UNP opened at $244.66 on Monday. 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. The business has a fifty day simple moving average of $240.12 and a two-hundred day simple moving average of $238.45. 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 Co. has a 1 year low of $218.55 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data 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 firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $2.51 EPS. On average, analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, December 9th. Union Pacific’s 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.