Asset Management One Co. Ltd. Trims Position in Union Pacific Co. (NYSE:UNP)

Asset Management One Co. Ltd. lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 0.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 235,510 shares of the railroad operator’s stock after selling 205 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Union Pacific were worth $58,049,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cultivar Capital Inc. bought a new stake in shares of Union Pacific during the 2nd quarter valued at about $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Union Pacific in the second quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. increased its stake in shares of Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after buying an additional 130 shares during the period. Fairscale Capital LLC purchased a new stake in Union Pacific in the second quarter worth $31,000. Finally, Jamison Private Wealth Management Inc. grew its stake in Union Pacific by 265.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

UNP traded down $0.87 during midday trading on Monday, reaching $231.82. The company had a trading volume of 73,272 shares, compared to its average volume of 2,285,457. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 1 year low of $208.14 and a 1 year high of $258.66. The business has a 50-day moving average of $244.66 and a two-hundred day moving average of $238.45. The company has a market cap of $140.54 billion, a P/E ratio of 21.37, a P/E/G ratio of 2.29 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter in the prior year, the business posted $2.51 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Union Pacific Co. will post 10.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UNP. Bank of America lowered their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. JPMorgan Chase & Co. lowered their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Raymond James upped their price target on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Benchmark reaffirmed a “buy” rating and set a $266.00 price target on shares of Union Pacific in a report on Friday, October 25th. Finally, Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $259.15.

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.