Union Pacific Corporation (UNP) : Midwest Investment Management scooped up 890 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 57,858 shares of Union Pacific Corporation which is valued at $4.7 Million.Union Pacific Corporation makes up approximately 3.85% of Midwest Investment Management’s portfolio.
Other Hedge Funds, Including , Blackrock Group Ltd reduced its stake in UNP by selling 217,199 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 7,306,134 shares of UNP which is valued at $599.1 Million. Union Pacific Corporation makes up approx 0.33% of Blackrock Group Ltd’s portfolio.Baldwin Investment Management reduced its stake in UNP by selling 1 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 14,802 shares of UNP which is valued at $1.2 Million. Union Pacific Corporation makes up approx 0.53% of Baldwin Investment Management’s portfolio.Goelzer Investment Management boosted its stake in UNP in the latest quarter, The investment management firm added 261 additional shares and now holds a total of 3,852 shares of Union Pacific Corporation which is valued at $330,232. Union Pacific Corporation makes up approx 0.05% of Goelzer Investment Management’s portfolio.Cadence Capital Management reduced its stake in UNP by selling 22,329 shares or 13.32% in the most recent quarter. The Hedge Fund company now holds 145,310 shares of UNP which is valued at $12.5 Million. Union Pacific Corporation makes up approx 0.87% of Cadence Capital Management’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.