Northeast Investment Management Sells 4,309 Shares of Union Pacific Corporation $UNP

Northeast Investment Management decreased its position in Union Pacific Corporation (NYSE:UNP) by 2.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 180,072 shares of the railroad operator’s stock after selling 4,309 shares during the quarter. Union Pacific comprises 1.6% of Northeast Investment Management’s investment portfolio, making the stock its 17th largest holding. Northeast Investment Management’s holdings in Union Pacific were worth $41,654,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in Union Pacific by 40.4% during the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after buying an additional 665 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in Union Pacific by 0.5% during the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock worth $4,741,000 after buying an additional 102 shares during the last quarter. Main Street Financial Solutions LLC boosted its holdings in Union Pacific by 1.6% during the second quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock worth $859,000 after buying an additional 58 shares during the last quarter. HUB Investment Partners LLC boosted its holdings in Union Pacific by 10.0% during the second quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock worth $1,401,000 after buying an additional 554 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Union Pacific by 7.4% during the second quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock worth $351,660,000 after buying an additional 105,664 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on UNP. Citigroup restated a “buy” rating and set a $307.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Benchmark lifted their price objective on Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wells Fargo & Company reiterated an “overweight” rating and set a $300.00 price objective (up from $260.00) on shares of Union Pacific in a report on Friday, April 24th. Evercore reiterated an “outperform” rating and set a $277.00 price objective on shares of Union Pacific in a report on Friday, April 24th. Finally, Sanford C. Bernstein lifted their price objective on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $279.55.

Insiders Place Their Bets

In other news, EVP Eric J. Gehringer sold 1,999 shares of Union Pacific stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.93, for a total transaction of $469,625.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,386 shares of company stock valued at $8,461,716 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Union Pacific Stock Up 1.0%

Shares of Union Pacific stock opened at $265.98 on Wednesday. The firm has a market cap of $157.91 billion, a PE ratio of 21.91, a P/E/G ratio of 2.80 and a beta of 0.99. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $274.79. The business’s 50 day simple moving average is $252.19 and its 200 day simple moving average is $241.18. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.07. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.70 EPS. On average, analysts predict that Union Pacific Corporation will post 12.53 earnings per share for the current fiscal year.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.