Maj Invest Holding A S Lowers Stake in Union Pacific Corporation $UNP

Maj Invest Holding A S cut its stake in Union Pacific Corporation (NYSE:UNP) by 32.2% in the 2nd quarter, Holdings Channel reports. The fund owned 379,732 shares of the railroad operator’s stock after selling 180,294 shares during the quarter. Union Pacific comprises about 3.1% of Maj Invest Holding A S’s holdings, making the stock its 16th largest position. Maj Invest Holding A S’s holdings in Union Pacific were worth $87,371,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in UNP. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific in the first quarter worth approximately $32,000. WPG Advisers LLC bought a new position in Union Pacific during the first quarter valued at approximately $33,000. Cornerstone Planning Group LLC grew its position in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 56 shares during the last quarter. Finally, GFG Capital LLC purchased a new position in shares of Union Pacific during the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.6%

NYSE UNP opened at $227.37 on Tuesday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The stock has a market capitalization of $134.86 billion, a PE ratio of 19.75, a PEG ratio of 2.35 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The business’s 50-day moving average is $224.87 and its 200 day moving average is $224.12.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter last year, the business posted $2.74 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on UNP shares. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lowered their target price on Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Royal Bank Of Canada raised 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. Finally, Argus cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $261.58.

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.