Union Pacific Corporation $UNP Position Reduced by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. trimmed its stake in shares of Union Pacific Corporation (NYSE:UNP) by 15.1% during the second quarter, HoldingsChannel reports. The fund owned 44,057 shares of the railroad operator’s stock after selling 7,854 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Union Pacific were worth $10,137,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its stake in Union Pacific by 2.0% during the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after acquiring an additional 142,732 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Union Pacific by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after purchasing an additional 354,463 shares during the period. Royal Bank of Canada raised its holdings in shares of Union Pacific by 1.7% during the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after purchasing an additional 86,292 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Union Pacific during the first quarter worth $988,822,000. 80.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Argus cut shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and increased their target price for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Finally, The Goldman Sachs Group set a $263.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Trading Up 0.9%

Shares of NYSE:UNP opened at $220.80 on Friday. The company has a market cap of $130.97 billion, a PE ratio of 18.76, a P/E/G ratio of 2.27 and a beta of 1.07. The company’s 50-day moving average price is $224.37 and its 200 day moving average price is $224.29. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $2.75 EPS. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Company 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.