Glenmede Investment Management LP Decreases Stock Position in Union Pacific Corporation $UNP

Key Points

• Glenmede cut its stake in Union Pacific by 4.5% in Q3, selling 15,405 shares and ending the quarter with 328,317 shares worth about $77.6 million (roughly 0.06% of the company).
• Union Pacific missed Q4 estimates with EPS of $2.86 (vs. $2.92 expected) and revenue of $6.09B (vs. $6.15B), and announced a quarterly dividend of $1.38 per share (annualized $5.52, yield 2.3%, ex-dividend Feb 27).
• Institutional investors own about 80.38% of UNP, and analysts give the stock a consensus "Moderate Buy" rating with an average price target of $263.77.

Glenmede Investment Management LP cut its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,317 shares of the railroad operator's stock after selling 15,405 shares during the quarter. Glenmede Investment Management LP owned 0.06% of Union Pacific worth $77,604,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UNP. Acadian Asset Management LLC increased its holdings in Union Pacific by 40.4% in the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator's stock worth $546,000 after buying an additional 665 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Union Pacific by 0.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator's stock valued at $4,741,000 after acquiring an additional 102 shares during the period. KBC Group NV boosted its holdings in shares of Union Pacific by 1.3% during the 2nd quarter. KBC Group NV now owns 60,718 shares of the railroad operator's stock valued at $13,970,000 after acquiring an additional 805 shares during the last quarter. Clearstead Trust LLC boosted its holdings in shares of Union Pacific by 8.3% during the 2nd quarter. Clearstead Trust LLC now owns 3,764 shares of the railroad operator's stock valued at $866,000 after acquiring an additional 290 shares during the last quarter. Finally, Advisors Capital Management LLC grew its stake in shares of Union Pacific by 45.1% in the second quarter. Advisors Capital Management LLC now owns 4,768 shares of the railroad operator's stock worth $1,097,000 after acquiring an additional 1,483 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Down 0.8%

Union Pacific stock opened at $242.22 on Friday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $268.14. The firm has a market capitalization of $143.73 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 2.66 and a beta of 0.95. The firm has a 50 day moving average of $246.47 and a 200 day moving average of $233.74. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.06). The firm had revenue of $6.09 billion for the quarter, compared to analysts' expectations of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. Union Pacific's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.91 EPS. As a group, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific's payout ratio is 46.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on UNP shares. BMO Capital Markets reissued a "market perform" rating and set a $295.00 price objective on shares of Union Pacific in a report on Thursday, February 19th. JPMorgan Chase & Co. cut their target price on shares of Union Pacific from $270.00 to $265.00 and set a "neutral" rating for the company in a research report on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 target price on shares of Union Pacific in a research note on Thursday, December 18th. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, January 27th. Finally, Robert W. Baird set a $311.00 price target on Union Pacific and gave the stock an "outperform" rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $263.77.

About Union Pacific

Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.