Soroban Capital Partners LP Has Cut Position in Union Pac Corp (UNP) by $1.44 Billion as Valuation Rose

June 12, 2018 - By Jacob Falcon

Union Pacific Corporation (NYSE:UNP) LogoInvestors sentiment decreased to 0.75 in Q1 2018. Its down 0.19, from 0.94 in 2017Q4. It turned negative, as 62 investors sold UNP shares while 557 reduced holdings. 107 funds opened positions while 359 raised stakes. 589.68 million shares or 1.47% less from 598.50 million shares in 2017Q4 were reported. Fiduciary Fincl Services Of The Southwest Inc Tx reported 6,378 shares stake. Bluemountain Cap Mngmt Ltd Liability Com stated it has 9,122 shares. Quantres Asset Mgmt Ltd has 0.64% invested in Union Pacific Corporation (NYSE:UNP) for 7,800 shares. 498,103 are held by Guggenheim Cap Limited Liability Corporation. Eii Capital Mgmt owns 0.11% invested in Union Pacific Corporation (NYSE:UNP) for 1,402 shares. Windward Cap Management Ca has invested 0.08% in Union Pacific Corporation (NYSE:UNP). Hilltop Holding invested 0.22% of its portfolio in Union Pacific Corporation (NYSE:UNP). M&T National Bank Corp invested in 546,181 shares or 0.39% of the stock. Acropolis Inv Management Ltd Llc reported 800 shares stake. Founders Capital Limited Liability Company reported 39,163 shares. Minnesota-based Ameriprise has invested 0.48% in Union Pacific Corporation (NYSE:UNP). Stevens First Principles Inv Advisors holds 0.09% or 1,080 shares. Retirement Systems Of Alabama accumulated 0.46% or 689,455 shares. Invest Counselors Of Maryland Lc, a Maryland-based fund reported 100 shares. Livforsakringsbolaget Skandia Omsesidigt accumulated 20,862 shares.

Since March 20, 2018, it had 0 insider buys, and 3 insider sales for $7.37 million activity. Whited Elizabeth F sold $2.08M worth of Union Pacific Corporation (NYSE:UNP) on Tuesday, April 3.

Eric W. Mandelblatt decreased its stake in Union Pac Corp (UNP) by 53.38% based on its latest 2018Q1 regulatory filing with the SEC. Soroban Capital Partners Lp sold 10.77 million shares as the company’s stock rose 4.52% while stock markets declined. The hedge fund run by Eric W. Mandelblatt held 9.40M shares of the railroads company at the end of 2018Q1, valued at $1.26 billion, down from 20.17 million at the end of the previous reported quarter. Soroban Capital Partners Lp who had been investing in Union Pac Corp for a number of months, seems to be less bullish one the $113.57 billion market cap company. The stock increased 0.22% or $0.32 during the last trading session, reaching $146.43. About 978,565 shares traded. Union Pacific Corporation (NYSE:UNP) has risen 32.23% since June 12, 2017 and is uptrending. It has outperformed by 19.66% the S&P500.

Soroban Capital Partners Lp, which manages about $10.82 billion and $17.54 billion US Long portfolio, upped its stake in Broadcom Ltd by 1.22M shares to 3.72M shares, valued at $877.46 million in 2018Q1, according to the filing. It also increased its holding in Facebook Inc (Call) (NASDAQ:FB) by 1.50 million shares in the quarter, for a total of 2.00 million shares, and has risen its stake in Mgm Resorts International (Call) (NYSE:MGM).

Analysts await Union Pacific Corporation (NYSE:UNP) to report earnings on July, 19. They expect $1.88 EPS, up 29.66 % or $0.43 from last year’s $1.45 per share. UNP’s profit will be $1.46 billion for 19.47 P/E if the $1.88 EPS becomes a reality. After $1.68 actual EPS reported by Union Pacific Corporation for the previous quarter, Wall Street now forecasts 11.90 % EPS growth.

More news for Union Pacific Corporation (NYSE:UNP) were recently published by: Seekingalpha.com, which released: “Union Pacific Is On Track To Positively Surprise” on June 07, 2018. Seekingalpha.com‘s article titled: “Union Pacific plans $20B stock buyback, sees 60% operating ratio by 2020” and published on June 01, 2018 is yet another important article.

Union Pacific Corporation (NYSE:UNP) Ratings Coverage

Among 18 analysts covering Union Pacific Corp (NYSE:UNP), 10 have Buy rating, 0 Sell and 8 Hold. Therefore 56% are positive. Union Pacific Corp had 28 analyst reports since January 5, 2018 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, June 1 by Credit Suisse. The stock has “Buy” rating by Susquehanna on Tuesday, January 16. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, June 1. The stock of Union Pacific Corporation (NYSE:UNP) has “Hold” rating given on Thursday, January 11 by Scotia Capital. The firm has “Neutral” rating given on Monday, June 4 by Robert W. Baird. The rating was maintained by Citigroup with “Buy” on Wednesday, May 23. Bank of America maintained the stock with “Buy” rating in Thursday, March 15 report. The stock of Union Pacific Corporation (NYSE:UNP) has “Buy” rating given on Thursday, February 1 by Argus Research. Daiwa Securities upgraded the shares of UNP in report on Thursday, January 11 to “Outperform” rating. As per Friday, January 26, the company rating was maintained by Morgan Stanley.

Union Pacific Corporation (NYSE:UNP) Institutional Positions Chart

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