Santa Barbara Asset Management buys $127,120,859 stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Santa Barbara Asset Management scooped up 4,036 additional shares in Union Pacific Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,383,252 shares of Union Pacific Corporation which is valued at $127,120,859.Union Pacific Corporation makes up approximately 2.32% of Santa Barbara Asset Management’s portfolio.

Other Hedge Funds, Including , Pictet Cie (europe) Sa sold out all of its stake in UNP during the most recent quarter. The investment firm sold 6,425 shares of UNP which is valued $590,458.Ausdal Financial Partners reduced its stake in UNP by selling 275 shares or 6.31% in the most recent quarter. The Hedge Fund company now holds 4,083 shares of UNP which is valued at $379,923. Union Pacific Corporation makes up approx 0.19% of Ausdal Financial Partners’s portfolio.Trinity Street Asset Management Llp reduced its stake in UNP by selling 64,720 shares or 13.73% in the most recent quarter. The Hedge Fund company now holds 406,722 shares of UNP which is valued at $37,267,937. Union Pacific Corporation makes up approx 8.05% of Trinity Street Asset Management Llp’s portfolio.Dalton Greiner Hartman Maher Co reduced its stake in UNP by selling 61,590 shares or 28.16% in the most recent quarter. The Hedge Fund company now holds 157,123 shares of UNP which is valued at $14,791,559. Union Pacific Corporation makes up approx 0.88% of Dalton Greiner Hartman Maher Co’s portfolio.Grassi Investment Management reduced its stake in UNP by selling 2,600 shares or 4.36% in the most recent quarter. The Hedge Fund company now holds 57,090 shares of UNP which is valued at $5,374,453. Union Pacific Corporation makes up approx 0.99% of Grassi Investment Management’s portfolio.

Union Pacific Corporation closed down -0.15 points or -0.16% at $95.68 with 30,27,181 shares getting traded on Friday. Post opening the session at $95.69, the shares hit an intraday low of $95.27 and an intraday high of $95.85 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Union Pacific Corporation reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.16. The company had revenue of $4770.00 million for the quarter, compared to analysts expectations of $4784.60 million. The company’s revenue was down -12.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.38 EPS.

Investors should note that on Jul 28, 2016, Union Pacific Corporation announced a cash dividend of $0.5500. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Union Pacific Corporation. Deutsche Bank Downgraded Union Pacific Corporation on Jul 20, 2016 to ” Hold”, Price Target of the shares are set at $94.Morgan Stanley Upgraded Union Pacific Corporation on Jun 3, 2016 to ” Overweight”, Price Target of the shares are set at $90.Union Pacific Corporation was Initiated by Credit Agricole to “Sell” on May 19, 2016.

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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