Pegasus Asset Management Inc. Cuts Holdings in Union Pacific Co. (NYSE:UNP)

Pegasus Asset Management Inc. decreased its position in Union Pacific Co. (NYSE:UNP) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,283 shares of the railroad operator’s stock after selling 119 shares during the quarter. Pegasus Asset Management Inc.’s holdings in Union Pacific were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UNP. Ameriprise Financial Inc. grew its position in Union Pacific by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after buying an additional 106,996 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Union Pacific by 7.6% during the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after acquiring an additional 518,985 shares during the period. Legal & General Group Plc raised its holdings in Union Pacific by 2.1% during the second quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock worth $1,350,924,000 after purchasing an additional 124,571 shares in the last quarter. Clearbridge Investments LLC lifted its position in Union Pacific by 5.7% in the first quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after purchasing an additional 237,083 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Union Pacific by 8.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock worth $954,530,000 after purchasing an additional 322,129 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UNP has been the topic of several research analyst reports. BMO Capital Markets decreased their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Stifel Nicolaus lowered their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Benchmark restated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Monday, July 29th. Royal Bank of Canada boosted their price target on Union Pacific from $275.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, Barclays decreased their price objective on Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $260.53.

Union Pacific Stock Up 0.4 %

Shares of UNP stock traded up $0.92 during trading hours on Tuesday, reaching $241.27. The company had a trading volume of 617,024 shares, compared to its average volume of 2,258,509. The stock’s fifty day simple moving average is $246.48 and its 200 day simple moving average is $238.59. Union Pacific Co. has a twelve month low of $199.97 and a twelve month high of $258.66. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The company has a market capitalization of $146.98 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the firm posted $2.57 EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts expect that Union Pacific Co. will post 11.07 earnings per share for the current fiscal year.

Insider Activity

In related news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

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.