Union Pacific Corporation $UNP Shares Sold by Connable Office Inc.

Connable Office Inc. reduced its stake in shares of Union Pacific Corporation (NYSE:UNP) by 10.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,546 shares of the railroad operator’s stock after selling 1,173 shares during the period. Connable Office Inc.’s holdings in Union Pacific were worth $2,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC boosted its holdings in Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 112 shares during the period. Financial Gravity Asset Management Inc. bought a new position in Union Pacific during the first quarter worth $32,000. Access Investment Management LLC acquired a new stake in Union Pacific in the second quarter worth $32,000. WPG Advisers LLC acquired a new stake in Union Pacific in the first quarter worth $33,000. Finally, Cornerstone Planning Group LLC increased its position in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

UNP opened at $219.09 on Tuesday. The stock 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. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The stock’s 50 day simple moving average is $224.28 and its 200-day simple moving average is $224.37.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating the consensus estimate of $2.99 by $0.09. The business had revenue of $6.24 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.75 EPS. Sell-side analysts forecast 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 research analyst reports. Morgan Stanley lowered their price target on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and lifted their price target for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. TD Cowen reduced their price target on Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a report on Friday, October 24th. Finally, UBS Group set a $253.00 price target on Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. One investment 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Company 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.