Payden & Rygel Cuts Stake in Union Pacific Co. (NYSE:UNP)

Payden & Rygel lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 91.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,900 shares of the railroad operator’s stock after selling 41,000 shares during the quarter. Payden & Rygel’s holdings in Union Pacific were worth $961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of UNP. Edgestream Partners L.P. purchased a new position in shares of Union Pacific in the first quarter valued at $217,000. EntryPoint Capital LLC purchased a new position in Union Pacific in the 1st quarter valued at about $97,000. Axxcess Wealth Management LLC grew its stake in shares of Union Pacific by 4.5% during the first quarter. Axxcess Wealth Management LLC now owns 16,816 shares of the railroad operator’s stock valued at $4,135,000 after acquiring an additional 718 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Union Pacific by 19.4% during the first quarter. Advisors Asset Management Inc. now owns 36,842 shares of the railroad operator’s stock worth $9,061,000 after acquiring an additional 5,981 shares during the last quarter. Finally, Capital Group Private Client Services Inc. lifted its stake in shares of Union Pacific by 7.2% in the first quarter. Capital Group Private Client Services Inc. now owns 45,423 shares of the railroad operator’s stock worth $11,171,000 after acquiring an additional 3,047 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.1 %

UNP stock opened at $233.56 on Thursday. The stock has a market cap of $141.60 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The firm’s 50-day simple moving average is $240.86 and its 200 day simple moving average is $238.51. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The firm 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 revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.51 EPS. As a group, sell-side analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on UNP shares. Citigroup lifted their price objective on Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Susquehanna dropped their price target on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Robert W. Baird reduced their price objective on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Raymond James boosted their target price on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Finally, Sanford C. Bernstein reduced their price target on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $259.80.

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.