Schmidt P J Investment Management Inc. Decreases Stake in Union Pacific Corporation $UNP

Schmidt P J Investment Management Inc. reduced its stake in shares of Union Pacific Corporation (NYSE:UNP) by 5.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,588 shares of the railroad operator’s stock after selling 1,660 shares during the quarter. Union Pacific comprises about 1.2% of Schmidt P J Investment Management Inc.’s investment portfolio, making the stock its 25th biggest position. Schmidt P J Investment Management Inc.’s holdings in Union Pacific were worth $6,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brookwood Investment Group LLC raised its position in Union Pacific by 9.6% during the second quarter. Brookwood Investment Group LLC now owns 1,773 shares of the railroad operator’s stock valued at $408,000 after purchasing an additional 156 shares during the period. Yukon Wealth Management Inc. raised its position in Union Pacific by 0.6% during the second quarter. Yukon Wealth Management Inc. now owns 13,679 shares of the railroad operator’s stock valued at $3,147,000 after purchasing an additional 79 shares during the period. First Command Advisory Services Inc. raised its position in Union Pacific by 5.5% during the second quarter. First Command Advisory Services Inc. now owns 6,633 shares of the railroad operator’s stock valued at $1,526,000 after purchasing an additional 344 shares during the period. Ashton Thomas Private Wealth LLC raised its position in Union Pacific by 19.8% during the second quarter. Ashton Thomas Private Wealth LLC now owns 37,176 shares of the railroad operator’s stock valued at $8,553,000 after purchasing an additional 6,150 shares during the period. Finally, Solstein Capital LLC raised its position in Union Pacific by 6.9% during the second quarter. Solstein Capital LLC now owns 2,145 shares of the railroad operator’s stock valued at $494,000 after purchasing an additional 138 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNP has been the topic of a number of recent research reports. Royal Bank Of Canada upped their price objective on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research note on Friday. JPMorgan Chase & Co. upped their target price on Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research note on Friday. Robert W. Baird began coverage on Union Pacific in a research note on Tuesday, July 1st. They set a “neutral” rating and a $231.00 target price on the stock. Finally, The Goldman Sachs Group set a $263.00 target price on Union Pacific and gave the company a “neutral” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $261.63.

Union Pacific Stock Down 1.6%

Shares of NYSE:UNP opened at $216.56 on Monday. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The stock has a market cap of $128.44 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The business’s 50 day moving average is $224.95 and its 200 day moving average is $224.40. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter in the prior year, the firm earned $2.75 earnings per share. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

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.