Spreng Capital Management Inc. Sells 109 Shares of Union Pacific Corporation $UNP

Spreng Capital Management Inc. decreased its stake in Union Pacific Corporation (NYSE:UNP) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,901 shares of the railroad operator’s stock after selling 109 shares during the period. Spreng Capital Management Inc.’s holdings in Union Pacific were worth $897,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UNP. Nuveen LLC bought a new position in shares of Union Pacific in the 1st quarter worth $988,822,000. Goldman Sachs Group Inc. increased its holdings in shares of Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after buying an additional 850,025 shares during the last quarter. Auto Owners Insurance Co grew its holdings in shares of Union Pacific by 61,054.6% during the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock valued at $147,650,000 after purchasing an additional 623,978 shares during the last quarter. Menora Mivtachim Holdings LTD. bought a new position in shares of Union Pacific during the 1st quarter valued at $115,096,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after purchasing an additional 452,788 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on UNP shares. BMO Capital Markets increased their target price on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Baird R W raised shares of Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and increased their target price for the company from $250.00 to $285.00 in a report on Friday, July 25th. Finally, Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and increased their target price for the company from $214.00 to $227.00 in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $261.58.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $225.98 on Friday. The firm has a market cap of $134.03 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The company’s fifty day simple moving average is $224.71 and its two-hundred day simple moving average is $224.12.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.74 EPS. As a group, equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current 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.