Oak Harvest Investment Services Lowers Position in Union Pacific Corporation $UNP

Oak Harvest Investment Services cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 5.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,575 shares of the railroad operator’s stock after selling 1,959 shares during the quarter. Oak Harvest Investment Services’ holdings in Union Pacific were worth $7,955,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new position in Union Pacific during the 1st quarter valued at approximately $988,822,000. Rothschild & Co Wealth Management UK Ltd grew its position in Union Pacific by 3,536.2% in the 2nd quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock valued at $232,767,000 after acquiring an additional 983,855 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Union Pacific by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after purchasing an additional 850,025 shares during the period. Auto Owners Insurance Co lifted its position in shares of Union Pacific by 61,054.6% during the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after purchasing an additional 623,978 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. bought a new stake in shares of Union Pacific during the first quarter worth $115,096,000. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on UNP. TD Cowen decreased their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. Royal Bank Of Canada increased their price target on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given 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 target price of $261.63.

Union Pacific Price Performance

Shares of UNP stock opened at $221.48 on Friday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The firm has a market capitalization of $131.37 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 2.27 and a beta of 1.04. The stock’s 50-day simple moving average is $224.13 and its 200-day simple moving average is $224.52.

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