First Bancorp Inc ME Reduces Stock Holdings in Union Pacific Corporation $UNP

First Bancorp Inc ME decreased its holdings in Union Pacific Corporation (NYSE:UNP) by 3.3% in the second quarter, HoldingsChannel.com reports. The fund owned 2,635 shares of the railroad operator’s stock after selling 90 shares during the period. First Bancorp Inc ME’s holdings in Union Pacific were worth $606,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC lifted its position in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after buying an additional 112 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in Union Pacific during the first quarter valued at $32,000. WPG Advisers LLC purchased a new position in Union Pacific during the first quarter valued at $33,000. GFG Capital LLC purchased a new position in Union Pacific during the second quarter valued at $38,000. Finally, Cornerstone Planning Group LLC lifted its position in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group set a $253.00 price target on Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. Jefferies Financial Group upgraded Union Pacific from a “hold” rating to a “buy” rating and raised their price target for the company from $250.00 to $285.00 in a report on Friday, July 25th. Evercore ISI reduced their price target on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a report on Friday, July 25th. Susquehanna restated a “positive” rating and set a $272.00 price target (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $261.58.

Union Pacific Price Performance

NYSE UNP opened at $225.98 on Friday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The stock has a 50-day moving average of $224.71 and a 200 day moving average of $224.02. The company has a market capitalization of $134.03 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.35 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company earned $2.74 EPS. On average, sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

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.