Glass Jacobson Investment Advisors llc Trims Stake in Union Pacific Corporation $UNP

Glass Jacobson Investment Advisors llc cut its position in shares of Union Pacific Corporation (NYSE:UNP) by 30.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 296 shares of the railroad operator’s stock after selling 132 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in Union Pacific were worth $68,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Union Pacific during the first quarter valued at approximately $988,822,000. Goldman Sachs Group Inc. grew its position in Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after acquiring an additional 850,025 shares during the last quarter. Auto Owners Insurance Co grew its position in Union Pacific by 61,054.6% in the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock valued at $147,650,000 after acquiring an additional 623,978 shares during the last quarter. Menora Mivtachim Holdings LTD. purchased a new stake in Union Pacific in the first quarter worth $115,096,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of UNP stock opened at $216.56 on Friday. The firm has a market cap of $128.44 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.25 and a beta of 1.07. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. The company’s 50 day moving average is $224.95 and its 200 day moving average is $224.39.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. Union Pacific’s revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Sanford C. Bernstein upped their price target on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Susquehanna restated a “positive” rating and issued a $272.00 target price (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. The Goldman Sachs Group set a $263.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research note on Thursday. Finally, Citigroup increased their price objective on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific 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.