Oppenheimer Asset Management Inc. Sells 14,221 Shares of Union Pacific Co. (NYSE:UNP)

Oppenheimer Asset Management Inc. trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 35.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,376 shares of the railroad operator’s stock after selling 14,221 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Union Pacific were worth $6,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of UNP. Shellback Capital LP grew its position in Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after purchasing an additional 4,400 shares during the last quarter. Peoples Bank KS acquired a new stake in Union Pacific during the third quarter worth about $834,000. Maj Invest Holding A S increased its stake in Union Pacific by 0.3% during the third quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock valued at $166,645,000 after acquiring an additional 2,202 shares during the period. M&G Plc acquired a new position in Union Pacific in the 1st quarter valued at approximately $10,378,000. Finally, Radnor Capital Management LLC bought a new stake in shares of Union Pacific in the 3rd quarter worth approximately $2,923,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UNP. JPMorgan Chase & Co. cut their target price on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Susquehanna decreased their target price on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Barclays upped their target price on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday. Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a report on Friday, October 25th. Finally, Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $254.00 to $247.00 in a report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Trading Down 2.0 %

Shares of NYSE UNP opened at $235.58 on Friday. Union Pacific Co. has a 1-year low of $215.81 and a 1-year high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The company has a 50-day moving average of $242.46 and a two-hundred day moving average of $238.64. The company has a market cap of $142.82 billion, a PE ratio of 21.63, a P/E/G ratio of 2.38 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data 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). The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.51 EPS. As a group, equities analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Company 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.