Armstrong Fleming & Moore Inc Reduces Position in Union Pacific Co. (NYSE:UNP)

Armstrong Fleming & Moore Inc trimmed its position in Union Pacific Co. (NYSE:UNP) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,349 shares of the railroad operator’s stock after selling 119 shares during the quarter. Union Pacific accounts for approximately 0.8% of Armstrong Fleming & Moore Inc’s holdings, making the stock its 24th biggest holding. Armstrong Fleming & Moore Inc’s holdings in Union Pacific were worth $1,318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of Union Pacific by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after acquiring an additional 106,996 shares in the last quarter. Capital Research Global Investors raised its holdings in Union Pacific by 7.6% in the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after purchasing an additional 518,985 shares in the last quarter. Legal & General Group Plc raised its holdings in Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock worth $1,350,924,000 after purchasing an additional 124,571 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Union Pacific by 5.7% in the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock worth $1,081,348,000 after purchasing an additional 237,083 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of Union Pacific by 8.3% during the second quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock valued at $954,530,000 after buying an additional 322,129 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP traded down $6.65 during trading hours on Thursday, hitting $241.45. The stock had a trading volume of 763,990 shares, compared to its average volume of 2,260,154. Union Pacific Co. has a 12 month low of $199.97 and a 12 month high of $258.66. The stock has a fifty day moving average price of $246.25 and a 200 day moving average price of $238.61. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The firm has a market capitalization of $147.09 billion, a PE ratio of 23.30, a PEG ratio of 2.27 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.57 EPS. Analysts anticipate that Union Pacific Co. will post 11.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on UNP shares. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and cut their price objective for the company from $254.00 to $247.00 in a research report on Wednesday, September 25th. Stifel Nicolaus reduced their price target on Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Sanford C. Bernstein reduced their target price on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Finally, BMO Capital Markets lowered their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.25.

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.