West Michigan Advisors LLC Cuts Stake in Union Pacific Co. (NYSE:UNP)

West Michigan Advisors LLC lowered its position in Union Pacific Co. (NYSE:UNP) by 23.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,764 shares of the railroad operator’s stock after selling 2,656 shares during the quarter. West Michigan Advisors LLC’s holdings in Union Pacific were worth $2,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of UNP. Richardson Capital Management LLC purchased a new stake in shares of Union Pacific during the first quarter valued at approximately $26,000. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific during the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Union Pacific during the second quarter valued at approximately $28,000. Tributary Capital Management LLC purchased a new stake in shares of Union Pacific during the first quarter valued at approximately $30,000. Finally, Financial Gravity Asset Management Inc. boosted its stake in shares of Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP opened at $230.75 on Friday. Union Pacific Co. has a 12-month low of $199.97 and a 12-month high of $258.66. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The stock has a fifty day simple moving average of $246.57 and a two-hundred day simple moving average of $238.60. The company has a market cap of $140.57 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.76 by ($0.01). Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the previous year, the business earned $2.51 earnings per share. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. Research analysts predict that Union Pacific Co. will post 11.07 earnings per share for the current fiscal year.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UNP. BMO Capital Markets dropped their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Benchmark restated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a report on Monday, July 29th. Citigroup began coverage on Union Pacific in a report on Wednesday, October 9th. They set a “neutral” rating and a $264.00 target price for the company. Finally, Sanford C. Bernstein decreased their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.53.

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.