Russell Investments Group Ltd. reduced its stake in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 9.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 368,389 shares of the railroad operator’s stock after selling 40,177 shares during the period. Russell Investments Group Ltd. owned 0.06% of Union Pacific worth $75,382,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of UNP. NewSquare Capital LLC increased its position in Union Pacific by 116.7% during the 1st quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock worth $26,000 after purchasing an additional 70 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in shares of Union Pacific during the first quarter worth about $26,000. Meitav Investment House Ltd. purchased a new stake in shares of Union Pacific during the second quarter worth about $27,000. Miller Wealth Advisors LLC raised its position in shares of Union Pacific by 108.3% in the first quarter. Miller Wealth Advisors LLC now owns 125 shares of the railroad operator’s stock valued at $30,000 after buying an additional 65 shares during the last quarter. Finally, Centerpoint Advisors LLC lifted its stake in shares of Union Pacific by 86.7% during the first quarter. Centerpoint Advisors LLC now owns 155 shares of the railroad operator’s stock valued at $31,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 77.36% of the company’s stock.
Insider Buying and Selling at Union Pacific
In other news, EVP Eric J. Gehringer sold 1,274 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $203.24, for a total transaction of $258,927.76. Following the completion of the sale, the executive vice president now owns 31,991 shares of the company’s stock, valued at $6,501,850.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Union Pacific news, EVP Eric J. Gehringer sold 1,274 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $203.24, for a total transaction of $258,927.76. Following the completion of the transaction, the executive vice president now directly owns 31,991 shares of the company’s stock, valued at approximately $6,501,850.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenyatta G. Rocker sold 8,700 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the completion of the sale, the executive vice president now owns 42,061 shares in the company, valued at approximately $9,355,628.23. The disclosure for this sale can be found here. Insiders have sold a total of 10,974 shares of company stock valued at $2,416,899 in the last three months. Corporate insiders own 0.28% of the company’s stock.
Union Pacific Price Performance
Union Pacific (NYSE:UNP – Get Free Report) last announced its earnings results on Thursday, October 19th. The railroad operator reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.10. Union Pacific had a return on equity of 49.14% and a net margin of 26.37%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.96 billion. During the same period in the previous year, the company earned $3.19 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. Equities research analysts expect that Union Pacific Co. will post 10.24 EPS for the current fiscal year.
Analyst Ratings Changes
UNP has been the topic of a number of recent analyst reports. Bank of America reduced their price target on Union Pacific from $265.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, September 25th. Barclays lowered their price target on Union Pacific from $285.00 to $275.00 in a report on Wednesday, October 4th. Susquehanna decreased their target price on shares of Union Pacific from $240.00 to $220.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 3rd. JPMorgan Chase & Co. dropped their price target on shares of Union Pacific from $254.00 to $236.00 and set a “neutral” rating for the company in a research report on Wednesday, October 11th. Finally, Raymond James lifted their price target on shares of Union Pacific from $230.00 to $270.00 and gave the company a “strong-buy” rating in a report on Thursday, July 27th. Ten equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.96.
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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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