Dearborn Partners LLC Cuts Stock Holdings in Union Pacific Co. (NYSE:UNP)

Dearborn Partners LLC reduced its position in Union Pacific Co. (NYSE:UNP) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,564 shares of the railroad operator’s stock after selling 1,257 shares during the period. Dearborn Partners LLC’s holdings in Union Pacific were worth $9,505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. Cultivar Capital Inc. purchased a new position in shares of Union Pacific in the second quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new position in Union Pacific in the 2nd quarter worth about $28,000. Financial Gravity Asset Management Inc. lifted its stake in Union Pacific by 3,250.0% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 130 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Union Pacific during the 3rd quarter valued at about $30,000. Finally, Fairscale Capital LLC bought a new stake in shares of Union Pacific in the second quarter worth approximately $31,000. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UNP shares. TD Cowen lowered their price target on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company dropped their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Susquehanna reduced their target price on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $235.58 on Friday. The company has a market cap of $142.82 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.38 and a beta of 1.06. Union Pacific Co. has a 52-week low of $215.81 and a 52-week high of $258.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The firm’s fifty day moving average is $242.46 and its two-hundred day moving average is $238.64.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same period last year, the firm posted $2.51 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, analysts anticipate that Union Pacific Co. will post 10.94 EPS 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.