Lazard Asset Management buys $872.3 Million stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Lazard Asset Management scooped up 3,835,860 additional shares in Union Pacific Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 10,638,241 shares of Union Pacific Corporation which is valued at $872.3 Million.Union Pacific Corporation makes up approximately 2.15% of Lazard Asset Management’s portfolio.

Other Hedge Funds, Including , Carnick Kubik added UNP to its portfolio by purchasing 592 company shares during the most recent quarter which is valued at $48,544. Union Pacific Corporation makes up approx 0.02% of Carnick Kubik’s portfolio.Shinko Asset Management Ltd. reduced its stake in UNP by selling 94 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 7,755 shares of UNP which is valued at $635,910. Union Pacific Corporation makes up approx 0.01% of Shinko Asset Management Ltd.’s portfolio.Todd Asset Management reduced its stake in UNP by selling 74,959 shares or 23.41% in the most recent quarter. The Hedge Fund company now holds 245,206 shares of UNP which is valued at $20.1 Million. Union Pacific Corporation makes up approx 0.62% of Todd Asset Management’s portfolio.Bollard Group boosted its stake in UNP in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 16,136 shares of Union Pacific Corporation which is valued at $1.3 Million. Union Pacific Corporation makes up approx 0.11% of Bollard Group’s portfolio.Stephens Inc Ar boosted its stake in UNP in the latest quarter, The investment management firm added 14,079 additional shares and now holds a total of 33,824 shares of Union Pacific Corporation which is valued at $2.9 Million. Union Pacific Corporation makes up approx 0.14% of Stephens Inc Ar’s portfolio.

Union Pacific Corporation opened for trading at $81.96 and hit $82.56 on the upside on Friday, eventually ending the session at $82.41, with a gain of 1.19% or 0.97 points. The heightened volatility saw the trading volume jump to 43,66,144 shares. Company has a market cap of $69,310 M.

On the company’s financial health, Union Pacific Corporation reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.10. The company had revenue of $4829.00 million for the quarter, compared to analysts expectations of $4887.49 million. The company’s revenue was down -14.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.

Investors should note that on May 12, 2016, Union Pacific Corporation announced a cash dividend of $0.5500. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 30, 2016.

Many Wall Street Analysts have commented on Union Pacific Corporation. Union Pacific Corporation was Initiated by Credit Agricole to “Sell” on May 19, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $90 .Shares were Downgraded by UBS on Apr 18, 2016 to ” Neutral” and Lowered the Price Target to $ 88 from a previous price target of $89 .

Union Pacific Corporation operates through its principal operating company Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States which has 31974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail providing a supply chain link around the world. Its business mix includes agricultural products automotive chemicals coal industrial products and intermodal. The Company serves United States population centers operates from West Coast and Gulf Coast ports to eastern gateways connects with Canada’s rail systems and serves six Mexico gateways. The Company’s freight traffic consists of bulk manifest and premium business.

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