Comerica Bank lowered its stake in Union Pacific Co. (NYSE:UNP) by 20.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,616 shares of the railroad operator’s stock after selling 47,559 shares during the quarter. Comerica Bank’s holdings in Union Pacific were worth $26,858,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of UNP. Lenox Wealth Advisors LLC bought a new stake in shares of Union Pacific during the 2nd quarter valued at about $105,000. Landaas & Co. WI ADV purchased a new position in shares of Union Pacific during the 2nd quarter valued at about $133,000. grace capital purchased a new position in shares of Union Pacific during the 2nd quarter valued at about $142,000. Exane Derivatives raised its holdings in shares of Union Pacific by 85.1% during the 2nd quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock valued at $155,000 after buying an additional 504 shares in the last quarter. Finally, Brand Asset Management Group Inc. purchased a new position in shares of Union Pacific during the 2nd quarter valued at about $169,000. Institutional investors and hedge funds own 80.36% of the company’s stock.
Shares of Union Pacific stock opened at $148.56 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.89 and a current ratio of 1.06. The company has a market capitalization of $109.46 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 1.78 and a beta of 0.95. Union Pacific Co. has a one year low of $115.16 and a one year high of $165.63.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 25th. The railroad operator reported $2.15 EPS for the quarter, topping the Zacks’ 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. Union Pacific had a return on equity of 25.02% and a net margin of 51.90%. During the same period in the previous year, the firm earned $1.50 EPS. As a group, equities analysts expect that Union Pacific Co. will post 7.84 EPS for the current fiscal year.
A number of equities analysts recently weighed in on UNP shares. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Wednesday, July 18th. Cowen reissued a “hold” rating and set a $151.00 price objective on shares of Union Pacific in a report on Thursday, July 19th. Royal Bank of Canada reissued a “hold” rating and set a $145.00 price objective on shares of Union Pacific in a report on Friday, July 20th. Morgan Stanley raised their price objective on Union Pacific from $136.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, July 20th. Finally, Credit Suisse Group decreased their price objective on Union Pacific from $169.00 to $167.00 and set an “outperform” rating on the stock in a report on Friday, July 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $161.44.
In other Union Pacific news, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total value of $1,282,034.00. Following the transaction, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of Union Pacific stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the completion of the transaction, the executive vice president now directly owns 106,518 shares in the company, valued at $17,448,713.58. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.
Union Pacific Profile
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.
See Also: Price to Earnings Ratio (PE), For Valuing Stocks
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