PNC Financial Services Group Inc. decreased its holdings in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,031,556 shares of the railroad operator’s stock after selling 36,407 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.33% of Union Pacific worth $415,697,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. MAS Advisors LLC bought a new stake in shares of Union Pacific in the 1st quarter worth approximately $233,000. Roundview Capital LLC boosted its holdings in shares of Union Pacific by 3.8% during the first quarter. Roundview Capital LLC now owns 16,608 shares of the railroad operator’s stock valued at $4,537,000 after acquiring an additional 614 shares during the period. Dakota Wealth Management bought a new position in shares of Union Pacific during the first quarter worth about $569,000. Candriam Luxembourg S.C.A. grew its position in shares of Union Pacific by 3.7% during the first quarter. Candriam Luxembourg S.C.A. now owns 47,144 shares of the railroad operator’s stock worth $12,880,000 after acquiring an additional 1,664 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Union Pacific by 10.1% in the 1st quarter. Mather Group LLC. now owns 1,745 shares of the railroad operator’s stock worth $477,000 after acquiring an additional 160 shares during the period. Institutional investors own 77.36% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on UNP shares. JPMorgan Chase & Co. dropped their price target on shares of Union Pacific from $254.00 to $236.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 11th. StockNews.com initiated coverage on Union Pacific in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Stifel Nicolaus decreased their price target on Union Pacific from $233.00 to $232.00 and set a “hold” rating for the company in a research note on Tuesday, October 3rd. Atlantic Securities downgraded shares of Union Pacific from an “overweight” rating to a “neutral” rating and set a $244.00 price objective for the company. in a report on Thursday, July 27th. Finally, Susquehanna lowered their target price on shares of Union Pacific from $240.00 to $220.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 3rd. Ten research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $238.96.
Insider Activity at Union Pacific
In other Union Pacific news, EVP Kenyatta G. Rocker sold 8,700 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total value of $1,935,141.00. Following the transaction, the executive vice president now directly owns 42,061 shares of the company’s stock, valued at approximately $9,355,628.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Eric J. Gehringer sold 1,274 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $203.24, for a total transaction of $258,927.76. Following the transaction, the executive vice president now owns 31,991 shares in the company, valued at approximately $6,501,850.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kenyatta G. Rocker sold 8,700 shares of Union Pacific stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the completion of the sale, the executive vice president now directly owns 42,061 shares of the company’s stock, valued at approximately $9,355,628.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,974 shares of company stock valued at $2,416,899. Insiders own 0.28% of the company’s stock.
Union Pacific Stock Up 0.2 %
Shares of UNP traded up $0.53 during trading hours on Tuesday, reaching $221.63. The company’s stock had a trading volume of 118,103 shares, compared to its average volume of 2,819,773. The company has a 50 day moving average of $209.24 and a two-hundred day moving average of $210.20. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 2.22. The firm has a market cap of $135.11 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 2.59 and a beta of 1.10. Union Pacific Co. has a 1-year low of $183.69 and a 1-year high of $240.48.
Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings data on Thursday, October 19th. The railroad operator reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.10. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.96 billion. Union Pacific had a net margin of 26.37% and a return on equity of 49.14%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.19 EPS. As a group, research analysts predict that Union Pacific Co. will post 10.24 EPS for the current fiscal year.
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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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