Mutual of America Capital Management LLC Trims Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Mutual of America Capital Management LLC reduced its stake in Union Pacific Corporation by 3.1% in the second quarter, holding 77,042 shares valued at approximately $17.7 million.
• Despite the sell-off, several other institutional investors, including Northern Trust Corp and Canada Pension Plan Investment Board, increased their positions in Union Pacific during the first quarter.
• Union Pacific recently reported $3.03 EPS, surpassing expectations, with revenues of $6.15 billion, reflecting a year-over-year increase of 2.4%.

Mutual of America Capital Management LLC cut its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,042 shares of the railroad operator's stock after selling 2,437 shares during the quarter. Mutual of America Capital Management LLC's holdings in Union Pacific were worth $17,726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UNP. Northern Trust Corp grew its position in shares of Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock valued at $1,678,575,000 after purchasing an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Union Pacific by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator's stock worth $1,641,715,000 after buying an additional 354,463 shares during the last quarter. Royal Bank of Canada grew its holdings in Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator's stock valued at $1,206,191,000 after buying an additional 86,292 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock valued at $1,092,893,000 after acquiring an additional 452,788 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Union Pacific during the 1st quarter worth about $988,822,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Up 0.9%

Shares of NYSE:UNP opened at $225.98 on Friday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company's fifty day moving average is $224.71 and its two-hundred day moving average is $224.02. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a market capitalization of $134.03 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07.

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

Wall Street Analyst Weigh In

UNP has been the subject of several research analyst reports. Baird R W raised shares of Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. Weiss Ratings restated a "hold (c+)" rating on shares of Union Pacific in a report on Wednesday, October 8th. Morgan Stanley reduced their target price on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Barclays lowered Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. reduced their price objective on Union Pacific from $267.00 to $265.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $261.58.

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.

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