Union Pacific Co. (NYSE:UNP) Shares Sold by Fernwood Investment Management LLC

Fernwood Investment Management LLC lowered its stake in Union Pacific Co. (NYSE:UNP) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,827 shares of the railroad operator’s stock after selling 254 shares during the quarter. Union Pacific comprises about 1.1% of Fernwood Investment Management LLC’s portfolio, making the stock its 22nd biggest holding. Fernwood Investment Management LLC’s holdings in Union Pacific were worth $3,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Union Pacific Stock Performance

Shares of Union Pacific stock traded up $0.62 during trading on Friday, reaching $232.69. The company’s stock had a trading volume of 2,653,306 shares, compared to its average volume of 2,342,995. The firm has a market cap of $141.07 billion, a PE ratio of 21.37, a P/E/G ratio of 2.29 and a beta of 1.06. The company has a 50-day moving average price of $244.66 and a two-hundred day moving average price of $238.38. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a fifty-two week low of $207.74 and a fifty-two week high of $258.66.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on UNP shares. JPMorgan Chase & Co. cut their price objective on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Sanford C. Bernstein lowered their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and reduced their target price for the company from $254.00 to $247.00 in a report on Wednesday, September 25th. Finally, Robert W. Baird lowered their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.15.

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.