Ipswich Investment Management Co. Inc. Cuts Stock Holdings in Union Pacific Co. (NYSE:UNP)

Ipswich Investment Management Co. Inc. trimmed its position in Union Pacific Co. (NYSE:UNPFree Report) by 40.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 18,949 shares of the railroad operator’s stock after selling 12,795 shares during the quarter. Union Pacific accounts for about 1.1% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its 29th largest holding. Ipswich Investment Management Co. Inc.’s holdings in Union Pacific were worth $4,670,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific during the 2nd quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Union Pacific in the second quarter worth $28,000. Financial Gravity Asset Management Inc. raised its stake in 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 purchasing an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Union Pacific in the 3rd quarter worth $30,000. Finally, Fairscale Capital LLC bought a new stake in shares of Union Pacific in the 2nd quarter worth about $31,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

UNP stock opened at $235.57 on Friday. Union Pacific Co. has a one year low of $216.79 and a one year high of $258.66. The firm has a 50-day simple moving average of $241.86 and a two-hundred day simple moving average of $238.58. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The firm has a market cap of $142.82 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.38 and a beta of 1.06.

Union Pacific (NYSE:UNPGet Free Report) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. 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 company posted $2.51 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UNP shares. Bank of America dropped their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. TD Cowen lowered their price target on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research report on Friday, October 25th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Robert W. Baird lowered their target price on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus cut their price target on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Read Our Latest Stock Analysis on UNP

Union Pacific Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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