Cadence Bank Decreases Holdings in Union Pacific Co. (NYSE:UNP)

Cadence Bank reduced its position in Union Pacific Co. (NYSE:UNP) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,685 shares of the railroad operator’s stock after selling 42 shares during the quarter. Cadence Bank’s holdings in Union Pacific were worth $4,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cultivar Capital Inc. purchased a new position in Union Pacific during the 2nd quarter worth $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Union Pacific in the second quarter worth about $28,000. Financial Gravity Asset Management Inc. grew its stake in shares of Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after acquiring an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Union Pacific during the third quarter valued at about $30,000. Finally, Fairscale Capital LLC acquired a new position in shares of Union Pacific during the second quarter valued at about $31,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on UNP shares. Bank of America dropped their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Stifel Nicolaus lowered their price target on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Robert W. Baird cut their price objective on Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Citigroup increased their price target on shares of Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Finally, Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Stock Down 1.5 %

NYSE UNP opened at $245.63 on Wednesday. The business has a fifty day moving average price of $240.31 and a 200 day moving average price of $238.46. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The company has a market cap of $148.92 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.47 and a beta of 1.06. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. Union Pacific’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $2.51 earnings per share. Research analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current fiscal 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.