Union Pacific Co. (NYSE:UNP) Shares Sold by Pegasus Asset Management Inc.

Pegasus Asset Management Inc. lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 8.5% during the third quarter, Holdings Channel.com reports. The fund owned 1,283 shares of the railroad operator’s stock after selling 119 shares during the period. Pegasus Asset Management Inc.’s holdings in Union Pacific were worth $316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Richardson Capital Management LLC acquired a new stake in shares of Union Pacific in the first quarter valued at $26,000. Cultivar Capital Inc. bought a new position in shares of Union Pacific during the 2nd quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Union Pacific in the 2nd quarter worth approximately $28,000. Tributary Capital Management LLC bought a new stake in shares of Union Pacific in the 1st quarter worth approximately $30,000. Finally, Financial Gravity Asset Management Inc. lifted its stake in 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 valued at $30,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on UNP. Bank of America dropped their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Benchmark reaffirmed a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Monday, July 29th. Susquehanna increased their price target on Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. BMO Capital Markets cut their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Finally, Barclays decreased their target price on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $260.53.

Union Pacific Stock Up 0.4 %

Union Pacific stock traded up $0.92 during mid-day trading on Tuesday, hitting $241.27. 617,024 shares of the company’s stock were exchanged, compared to its average volume of 2,258,509. Union Pacific Co. has a 1-year low of $199.97 and a 1-year high of $258.66. The stock has a market cap of $146.98 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.26 and a beta of 1.05. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The stock has a 50 day moving average of $246.48 and a two-hundred day moving average of $238.59.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $2.57 EPS. As a group, analysts anticipate that Union Pacific Co. will post 11.07 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

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.