21,066 Union Pacific Corporation $UNP Shares Sold by Inscription Capital LLC

Key Points

• Inscription Capital cut its Union Pacific stake by 88.2%, selling 21,066 shares in the third quarter; it retained 2,806 shares valued at about $764,000.
• Analysts hold a consensus “Moderate Buy” rating, with an average price target of $325.09; 19 analysts rate the stock a Buy and four a Hold.
• Union Pacific beat quarterly earnings and revenue expectations, reporting $3.53 per share and $7.20 billion in revenue, up 15.3% year over year.

Inscription Capital LLC trimmed its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 88.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,806 shares of the railroad operator's stock after selling 21,066 shares during the quarter. Inscription Capital LLC's holdings in Union Pacific were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Wealth Dimensions Group Ltd. raised its position in Union Pacific by 58.0% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 1,204 shares of the railroad operator's stock valued at $328,000 after purchasing an additional 442 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Union Pacific by 6.0% during the third quarter. Pathway Financial Advisers LLC now owns 13,478 shares of the railroad operator's stock worth $3,668,000 after purchasing an additional 759 shares during the last quarter. Bfsg LLC increased its stake in shares of Union Pacific by 1.6% in the third quarter. Bfsg LLC now owns 2,810 shares of the railroad operator's stock valued at $765,000 after buying an additional 45 shares in the last quarter. Richardson Financial Services Inc. increased its stake in shares of Union Pacific by 58.0% in the third quarter. Richardson Financial Services Inc. now owns 670 shares of the railroad operator's stock valued at $182,000 after buying an additional 246 shares in the last quarter. Finally, Ascent Group LLC raised its holdings in shares of Union Pacific by 5.2% in the third quarter. Ascent Group LLC now owns 22,208 shares of the railroad operator's stock valued at $6,043,000 after buying an additional 1,107 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. TD Cowen reiterated a "buy" rating and set a $328.00 price target (up from $325.00) on shares of Union Pacific in a research report on Friday, October 23rd. Susquehanna boosted their target price on shares of Union Pacific from $333.00 to $345.00 and gave the stock a "positive" rating in a research note on Tuesday, October 27th. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Benchmark increased their price target on shares of Union Pacific from $325.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $335.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $325.09.

Union Pacific Stock Down 2.5%

Shares of NYSE UNP traded down $7.45 during mid-day trading on Friday, reaching $290.50. 3,034,151 shares of the company's stock were exchanged, compared to its average volume of 2,440,108. The business has a fifty day simple moving average of $286.72 and a 200 day simple moving average of $271.90. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32. Union Pacific Corporation has a twelve month low of $218.20 and a twelve month high of $315.99. The firm has a market capitalization of $172.63 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 3.03 and a beta of 0.84.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 EPS for the quarter, beating the consensus estimate of $3.47 by $0.06. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The firm had revenue of $7.20 billion for the quarter, compared to analysts' expectations of $7.16 billion. During the same quarter in the previous year, the business posted $3.08 EPS. The business's quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities analysts expect that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

About Union Pacific

Union Pacific Corporation operates one of the largest freight rail networks in the United States through its subsidiary, Union Pacific Railroad. Its network serves 23 states across the western two-thirds of the country and connects with other railroads, ports and border crossings, including routes to Mexico and Canada.

The company transports a broad range of goods, including agricultural products, industrial materials, coal and energy products, and consumer merchandise. Its services support industries such as manufacturing, construction, agriculture, automotive and retail, with intermodal transportation combining rail with truck and shipping services.

Union Pacific traces its history to the Pacific Railway Act of 1862 and played a central role in building the first transcontinental railroad, completed in 1869.

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