Wellington Shields & Co. LLC Reduces Stock Position in Union Pacific Co. (NYSE:UNP)

Wellington Shields & Co. LLC reduced its holdings in shares of Union Pacific Co. (NYSE:UNP) by 88.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the railroad operator’s stock after selling 16,020 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Union Pacific were worth $324,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Community Bank & Trust Waco Texas increased its holdings in shares of Union Pacific by 0.3% in the 2nd quarter. Community Bank & Trust Waco Texas now owns 22,618 shares of the railroad operator’s stock worth $3,825,000 after buying an additional 60 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of Union Pacific by 2.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,614 shares of the railroad operator’s stock worth $442,000 after buying an additional 60 shares during the last quarter. 1ST Source Bank increased its holdings in shares of Union Pacific by 1.6% in the 2nd quarter. 1ST Source Bank now owns 3,789 shares of the railroad operator’s stock worth $641,000 after buying an additional 61 shares during the last quarter. Capital Investment Advisory Services LLC increased its holdings in shares of Union Pacific by 1.8% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 3,368 shares of the railroad operator’s stock worth $546,000 after buying an additional 61 shares during the last quarter. Finally, Cresset Asset Management LLC increased its holdings in shares of Union Pacific by 0.5% in the 2nd quarter. Cresset Asset Management LLC now owns 13,308 shares of the railroad operator’s stock worth $2,251,000 after buying an additional 63 shares during the last quarter. Institutional investors own 79.29% of the company’s stock.

A number of equities analysts have recently commented on the stock. UBS Group decreased their price target on shares of Union Pacific from $193.00 to $184.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Cascend Securities lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Deutsche Bank increased their price target on shares of Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Raymond James set a $197.00 price target on shares of Union Pacific and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, BMO Capital Markets decreased their price target on shares of Union Pacific from $190.00 to $188.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $178.67.

Shares of UNP stock traded up $0.70 on Monday, hitting $176.80. 1,252,110 shares of the company’s stock traded hands, compared to its average volume of 3,537,733. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.89. Union Pacific Co. has a one year low of $128.08 and a one year high of $180.54. The company’s fifty day simple moving average is $165.23 and its 200 day simple moving average is $168.94. The stock has a market capitalization of $123.41 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 2.09 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 17th. The railroad operator reported $2.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.07). Union Pacific had a net margin of 27.28% and a return on equity of 32.65%. The business had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the business posted $2.15 EPS. Union Pacific’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Union Pacific Co. will post 8.52 earnings per share for the current fiscal year.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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