Carnegie Investment Counsel Sells 5,219 Shares of Union Pacific Corporation $UNP

Carnegie Investment Counsel lessened its stake in Union Pacific Corporation (NYSE:UNP) by 4.4% in the second quarter, HoldingsChannel reports. The fund owned 112,209 shares of the railroad operator’s stock after selling 5,219 shares during the period. Carnegie Investment Counsel’s holdings in Union Pacific were worth $25,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC raised its position in Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in Union Pacific during the 1st quarter valued at approximately $32,000. WPG Advisers LLC bought a new position in Union Pacific during the 1st quarter valued at approximately $33,000. Cornerstone Planning Group LLC raised its position in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. Finally, GFG Capital LLC bought a new position in Union Pacific during the 2nd quarter valued at approximately $38,000. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on UNP shares. Morgan Stanley lowered their price target on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Sanford C. Bernstein upped their price target on Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Wells Fargo & Company upped their target price on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and upped their target price for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $261.58.

Union Pacific Stock Down 2.3%

UNP stock opened at $220.05 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market capitalization of $130.51 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07. The business’s 50 day moving average price is $225.03 and its two-hundred day moving average price is $224.22. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.75 EPS. As a group, analysts forecast that Union Pacific Corporation will post 11.99 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.