PNC Financial Services Group Inc. Sells 42,915 Shares of Union Pacific Corporation $UNP

PNC Financial Services Group Inc. reduced its position in Union Pacific Corporation (NYSE:UNP) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,307,663 shares of the railroad operator’s stock after selling 42,915 shares during the quarter. PNC Financial Services Group Inc. owned about 0.22% of Union Pacific worth $300,867,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC raised its stake in Union Pacific by 3.9% during the first quarter. Bleakley Financial Group LLC now owns 16,714 shares of the railroad operator’s stock worth $3,949,000 after acquiring an additional 628 shares in the last quarter. Florida Financial Advisors LLC grew its holdings in shares of Union Pacific by 10.4% during the 1st quarter. Florida Financial Advisors LLC now owns 1,682 shares of the railroad operator’s stock valued at $397,000 after purchasing an additional 159 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Union Pacific during the 1st quarter worth approximately $319,000. Signaturefd LLC lifted its stake in Union Pacific by 3.5% in the 1st quarter. Signaturefd LLC now owns 13,367 shares of the railroad operator’s stock valued at $3,158,000 after purchasing an additional 454 shares during the last quarter. Finally, Sigma Planning Corp lifted its stake in Union Pacific by 1.7% in the 1st quarter. Sigma Planning Corp now owns 5,469 shares of the railroad operator’s stock valued at $1,292,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on UNP shares. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and boosted their target price for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Royal Bank Of Canada boosted their price objective on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. BMO Capital Markets dropped their target price on Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Wells Fargo & Company raised their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, Evercore ISI decreased their price target on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Price Performance

Shares of NYSE UNP opened at $224.72 on Wednesday. The company has a market capitalization of $133.30 billion, a PE ratio of 19.09, a P/E/G ratio of 2.27 and a beta of 1.04. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The firm has a fifty day simple moving average of $224.12 and a 200 day simple moving average of $224.54.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $2.75 EPS. On average, sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific 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.