Black Diamond Financial LLC Trims Stock Position in Union Pacific Co. (NYSE:UNP)

Black Diamond Financial LLC cut its stake in Union Pacific Co. (NYSE:UNP) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,467 shares of the railroad operator’s stock after selling 52 shares during the period. Black Diamond Financial LLC’s holdings in Union Pacific were worth $362,000 as of its most recent SEC filing.

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

Union Pacific Stock Down 2.0 %

Shares of NYSE UNP opened at $235.58 on Friday. Union Pacific Co. has a 12-month low of $215.81 and a 12-month high of $258.66. The company has a market capitalization of $142.82 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The firm’s 50-day moving average is $242.46 and its two-hundred day moving average is $238.64.

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

Analysts Set New Price Targets

A number of research analysts have commented on UNP shares. Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Barclays boosted their price target on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Susquehanna dropped their price target on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $259.80.

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.