Union Pacific Corporation $UNP Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 17.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 34,421 shares of the railroad operator’s stock after selling 7,057 shares during the period. Phoenix Financial Ltd.’s holdings in Union Pacific were worth $7,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Northern Trust Corp lifted its holdings in Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after acquiring an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after acquiring an additional 354,463 shares during the period. Royal Bank of Canada lifted its holdings in Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after acquiring an additional 86,292 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after acquiring an additional 452,788 shares during the period. Finally, Nuveen LLC acquired a new stake in Union Pacific in the first quarter valued at $988,822,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group set a $253.00 target price on Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. reduced their target price on Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Sanford C. Bernstein raised their target price on Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Citigroup restated a “buy” rating and issued a $263.00 price target (up previously from $251.00) on shares of Union Pacific in a research report on Monday, October 13th. Finally, Baird R W upgraded Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $261.58.

Union Pacific Trading Up 0.6%

Shares of UNP stock opened at $227.37 on Tuesday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The stock has a market cap of $134.86 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.35 and a beta of 1.07. The business has a fifty day simple moving average of $224.87 and a 200-day simple moving average of $224.12. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.74 EPS. On average, analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal 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.