Burney Co. Lowers Stock Position in Union Pacific Corporation $UNP

Burney Co. cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 10.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,118 shares of the railroad operator’s stock after selling 1,526 shares during the quarter. Burney Co.’s holdings in Union Pacific were worth $3,018,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in UNP. Envestnet Portfolio Solutions Inc. lifted its holdings in Union Pacific by 10.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock worth $21,475,000 after buying an additional 8,925 shares in the last quarter. LGT Group Foundation raised its stake in shares of Union Pacific by 9.7% in the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after purchasing an additional 477 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Union Pacific in the 1st quarter valued at about $988,822,000. SlateStone Wealth LLC raised its stake in shares of Union Pacific by 6.2% in the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after purchasing an additional 772 shares in the last quarter. Finally, Gallacher Capital Management LLC raised its stake in shares of Union Pacific by 153.1% in the 1st quarter. Gallacher Capital Management LLC now owns 2,513 shares of the railroad operator’s stock valued at $594,000 after purchasing an additional 1,520 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $219.09 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The firm has a 50-day simple moving average of $224.28 and a 200 day simple moving average of $224.37. The company has a market cap of $129.96 billion, a PE ratio of 18.61, a P/E/G ratio of 2.27 and a beta of 1.07.

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

Analyst Upgrades and Downgrades

UNP has been the topic of a number of recent analyst reports. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and upped their target price for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. Susquehanna restated a “positive” rating and issued a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. TD Cowen cut their target price on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Finally, Cowen restated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $261.63.

About Union Pacific

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.