Cigna Investments Inc. New Has $1.55 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Cigna Investments Inc. New lowered its stake in Union Pacific Co. (NYSE:UNP) by 2.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,269 shares of the railroad operator’s stock after selling 131 shares during the period. Cigna Investments Inc. New’s holdings in Union Pacific were worth $1,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BNP Paribas bought a new position in shares of Union Pacific in the 1st quarter valued at about $1,088,000. Envestnet Portfolio Solutions Inc. increased its position in Union Pacific by 19.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock worth $31,078,000 after buying an additional 20,173 shares during the last quarter. Shellback Capital LP raised its stake in Union Pacific by 28.2% in the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after buying an additional 4,400 shares during the period. Peoples Bank KS acquired a new stake in shares of Union Pacific in the third quarter valued at approximately $834,000. Finally, Maj Invest Holding A S boosted its stake in shares of Union Pacific by 0.3% during the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after acquiring an additional 2,202 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of UNP opened at $232.07 on Friday. The company has a market capitalization of $140.69 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. The business has a 50-day moving average of $244.94 and a 200-day moving average of $238.34. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a 1 year low of $204.63 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.51 earnings per share. As a group, equities research analysts anticipate that Union Pacific Co. will post 10.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UNP shares. Sanford C. Bernstein dropped their price objective 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. JPMorgan Chase & Co. dropped their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Wells Fargo & Company lowered their target price on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus dropped their price objective on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and an average target price of $259.15.

About Union Pacific

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.