Garrison Point Advisors LLC Sells 260 Shares of Union Pacific Corporation $UNP

Garrison Point Advisors LLC reduced its stake in shares of Union Pacific Corporation (NYSE:UNP) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,375 shares of the railroad operator’s stock after selling 260 shares during the quarter. Garrison Point Advisors LLC’s holdings in Union Pacific were worth $1,697,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CBIZ Investment Advisory Services LLC grew its holdings in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific in the first quarter worth $32,000. Access Investment Management LLC acquired a new stake in Union Pacific in the second quarter worth $32,000. WPG Advisers LLC bought a new position in shares of Union Pacific during the first quarter worth $33,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after buying an additional 56 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Up 1.7%

UNP stock opened at $221.65 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. The stock has a market capitalization of $131.47 billion, a P/E ratio of 18.83, a P/E/G ratio of 2.27 and a beta of 1.04. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The business has a 50-day moving average of $224.06 and a 200-day moving average of $224.32.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Argus cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. BMO Capital Markets lowered their price target on Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Barclays cut Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $261.63.

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.