Connable Office Inc. Cuts Stock Position in Union Pacific Corporation $UNP

Connable Office Inc. reduced its holdings in Union Pacific Corporation (NYSE:UNP) by 10.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,546 shares of the railroad operator’s stock after selling 1,173 shares during the period. Connable Office Inc.’s holdings in Union Pacific were worth $2,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC lifted its position in Union Pacific by 1,400.0% in 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 last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific during the 1st quarter worth approximately $32,000. Access Investment Management LLC acquired a new stake in Union Pacific in the second quarter valued at approximately $32,000. WPG Advisers LLC acquired a new stake in Union Pacific in the first quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC raised its holdings in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the topic of several analyst reports. Evercore ISI reduced their target price on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. BMO Capital Markets reduced their target price on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. TD Cowen dropped their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Finally, UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Price Performance

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

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating 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 the consensus estimate of $6.24 billion. During the same quarter last year, the company earned $2.75 earnings per share. Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal 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.