Chevy Chase Trust Holdings LLC Trims Holdings in Union Pacific Corporation $UNP

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in Union Pacific Corporation by 0.4%, now holding 322,168 shares valued at approximately $74.12 million.
• Despite the reduction in holdings by Chevy Chase, other institutional investors like Easterly Investment Partners LLC have increased their stakes significantly, indicating mixed sentiment.
• Union Pacific's stock has experienced a 0.8% decline, currently priced at $224.02, with a market capitalization of $132.87 billion.

Chevy Chase Trust Holdings LLC decreased its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 0.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 322,168 shares of the railroad operator's stock after selling 1,401 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Union Pacific worth $74,124,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Easterly Investment Partners LLC lifted its position in Union Pacific by 50.5% during the second quarter. Easterly Investment Partners LLC now owns 15,317 shares of the railroad operator's stock worth $3,524,000 after buying an additional 5,141 shares in the last quarter. Arista Wealth Management LLC purchased a new position in Union Pacific during the second quarter worth approximately $201,000. Stratos Wealth Partners LTD. lifted its position in Union Pacific by 4.3% during the second quarter. Stratos Wealth Partners LTD. now owns 15,185 shares of the railroad operator's stock worth $3,494,000 after buying an additional 621 shares in the last quarter. Private Trust Co. NA lifted its position in Union Pacific by 2.7% during the second quarter. Private Trust Co. NA now owns 16,845 shares of the railroad operator's stock worth $3,876,000 after buying an additional 440 shares in the last quarter. Finally, Sage Private Wealth Group LLC lifted its position in Union Pacific by 18.7% during the second quarter. Sage Private Wealth Group LLC now owns 1,284 shares of the railroad operator's stock worth $296,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Down 0.8%

NYSE:UNP opened at $224.02 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The stock's fifty day moving average is $224.64 and its two-hundred day moving average is $224.20. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The stock has a market capitalization of $132.87 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.09 billion. During the same period in the prior year, the firm earned $2.74 earnings per share. The firm's revenue was up 2.4% compared to the same quarter last year. Research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank Of Canada upped their price objective on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Robert W. Baird assumed coverage on Union Pacific in a report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Union Pacific in a report on Wednesday, October 8th. Loop Capital upgraded Union Pacific from a "sell" rating to a "hold" rating and upped their price objective for the company from $214.00 to $227.00 in a report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Union Pacific from $267.00 to $265.00 and set a "neutral" rating on the stock in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $261.58.

Union Pacific Company 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.

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