Burney Co. Reduces Stock Position in Union Pacific Corporation $UNP

Burney Co. cut its stake in Union Pacific Corporation (NYSE:UNP) by 10.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,118 shares of the railroad operator’s stock after selling 1,526 shares during the period. Burney Co.’s holdings in Union Pacific were worth $3,018,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in UNP. Pines Wealth Management LLC increased its stake in shares of Union Pacific by 1.7% during the 2nd quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after purchasing an additional 43 shares in the last quarter. Titleist Asset Management LLC increased its stake in shares of Union Pacific by 1.1% during the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after purchasing an additional 44 shares in the last quarter. Five Oceans Advisors increased its stake in shares of Union Pacific by 3.9% during the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after purchasing an additional 44 shares in the last quarter. St. Johns Investment Management Company LLC increased its stake in shares of Union Pacific by 1.6% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock worth $693,000 after purchasing an additional 46 shares in the last quarter. Finally, Schubert & Co increased its stake in shares of Union Pacific by 1.9% during the 2nd quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock worth $578,000 after purchasing an additional 47 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UNP has been the subject of a number of recent research reports. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Wells Fargo & Company raised their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Susquehanna reaffirmed 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. Finally, BMO Capital Markets lowered their target price on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Stock Down 0.6%

UNP stock opened at $219.09 on Tuesday. The stock has a market capitalization of $129.96 billion, a P/E ratio of 18.61, a PEG ratio of 2.27 and a beta of 1.07. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The company has a 50 day moving average price of $224.28 and a two-hundred day moving average price of $224.37.

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, beating the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same period in the previous year, the company earned $2.75 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect 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.