Investors Sell Union Pacific (UNP) on Strength (UNP)

Investors sold shares of Union Pacific Co. (NYSE:UNP) on strength during trading hours on Thursday. $83.86 million flowed into the stock on the tick-up and $160.62 million flowed out of the stock on the tick-down, for a money net flow of $76.76 million out of the stock. Of all equities tracked, Union Pacific had the 0th highest net out-flow for the day. Union Pacific traded up $0.96 for the day and closed at $147.18

A number of brokerages recently weighed in on UNP. Credit Suisse Group boosted their price target on shares of Union Pacific from $187.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. TD Securities downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and cut their price target for the stock from $170.00 to $160.00 in a report on Friday, October 26th. Scotiabank set a $175.00 price target on shares of Union Pacific and gave the stock a “buy” rating in a report on Friday, October 26th. Cowen reissued a “hold” rating and issued a $151.00 price target on shares of Union Pacific in a report on Thursday, July 19th. Finally, Zacks Investment Research raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $161.44.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 25th. The railroad operator reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.05. The business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.88 billion. During the same period last year, the company earned $1.50 earnings per share.

In other news, EVP Robert M. Knight, Jr. sold 20,000 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $163.81, for a total value of $3,276,200.00. Following the sale, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at $17,448,713.58. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Lynden L. Tennison sold 8,450 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the sale, the executive vice president now directly owns 53,978 shares in the company, valued at $8,189,542.16. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Commonwealth Bank of Australia increased its position in shares of Union Pacific by 9.2% in the second quarter. Commonwealth Bank of Australia now owns 77,962 shares of the railroad operator’s stock worth $10,842,000 after purchasing an additional 6,562 shares during the last quarter. Morgan Stanley increased its position in shares of Union Pacific by 2.8% in the second quarter. Morgan Stanley now owns 15,035,819 shares of the railroad operator’s stock worth $2,130,275,000 after purchasing an additional 413,967 shares during the last quarter. Putnam Investments LLC increased its position in shares of Union Pacific by 44.9% in the second quarter. Putnam Investments LLC now owns 2,554,019 shares of the railroad operator’s stock worth $361,853,000 after purchasing an additional 791,990 shares during the last quarter. City Holding Co. bought a new position in shares of Union Pacific in the second quarter worth approximately $186,000. Finally, Parkside Investments LLC bought a new position in shares of Union Pacific in the third quarter worth approximately $185,000. 80.36% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Company Profile (NYSE:UNP)

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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