Ingalls & Snyder LLC Sells 299 Shares of Union Pacific Corporation $UNP

Ingalls & Snyder LLC lowered its stake in Union Pacific Corporation (NYSE:UNP) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,690 shares of the railroad operator’s stock after selling 299 shares during the period. Ingalls & Snyder LLC’s holdings in Union Pacific were worth $10,052,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in UNP. GAMMA Investing LLC boosted its holdings in Union Pacific by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after acquiring an additional 1,520 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in Union Pacific by 4.4% in the first quarter. Perigon Wealth Management LLC now owns 7,780 shares of the railroad operator’s stock valued at $1,838,000 after acquiring an additional 325 shares in the last quarter. Diversified Trust Co boosted its holdings in Union Pacific by 4.7% in the first quarter. Diversified Trust Co now owns 12,402 shares of the railroad operator’s stock valued at $2,930,000 after acquiring an additional 558 shares in the last quarter. Money Concepts Capital Corp bought a new stake in Union Pacific in the first quarter valued at $207,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Union Pacific by 21.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,123 shares of the railroad operator’s stock valued at $15,583,000 after buying an additional 11,881 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP opened at $216.56 on Friday. The stock has a 50-day moving average price of $224.95 and a 200-day moving average price of $224.39. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.53. The firm has a market cap of $128.44 billion, a PE ratio of 18.40, a P/E/G ratio of 2.25 and a beta of 1.07. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.75 EPS. Sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Susquehanna reissued a “positive” rating and set a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Wells Fargo & Company raised their price objective on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Cowen reissued a “buy” rating on shares of Union Pacific in a research report on Friday. Finally, Morgan Stanley lowered their price objective on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

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.