GLOBALT Investments LLC GA Reduces Holdings in Union Pacific Corporation $UNP

Key Points

• GLOBALT Investments LLC has reduced its holdings in Union Pacific Corporation (NYSE:UNP) by 5.4%, now owning 28,863 shares valued at approximately $6.64 million.
• Union Pacific reported $3.08 earnings per share for the most recent quarter, exceeding analysts' expectations of $2.99, and showcased a revenue increase of 2.5% year-over-year to $6.24 billion.
• The company has received positive ratings from analysts, with a consensus average rating of "Moderate Buy" and a target price of $261.58.

GLOBALT Investments LLC GA cut its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,863 shares of the railroad operator's stock after selling 1,663 shares during the quarter. GLOBALT Investments LLC GA's holdings in Union Pacific were worth $6,641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UNP. Pines Wealth Management LLC lifted its stake in shares of Union Pacific by 1.7% in the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator's stock worth $595,000 after acquiring an additional 43 shares in the last quarter. Titleist Asset Management LLC grew its position in shares of Union Pacific by 1.1% during the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator's stock worth $946,000 after buying an additional 44 shares in the last quarter. Five Oceans Advisors increased its stake in shares of Union Pacific by 3.9% in the second quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator's stock worth $272,000 after buying an additional 44 shares during the last quarter. St. Johns Investment Management Company LLC raised its holdings in Union Pacific by 1.6% in the second quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator's stock valued at $693,000 after acquiring an additional 46 shares in the last quarter. Finally, Schubert & Co boosted its stake in Union Pacific by 1.9% during the 2nd quarter. Schubert & Co now owns 2,511 shares of the railroad operator's stock valued at $578,000 after acquiring an additional 47 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Down 2.3%

NYSE:UNP opened at $220.05 on Friday. The stock has a market cap of $130.51 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 2.34 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The business has a fifty day moving average of $225.03 and a 200-day moving average of $224.22.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. Union Pacific's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.75 EPS. Equities analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UNP shares. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Sanford C. Bernstein increased their target price on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Royal Bank Of Canada boosted their price target on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. The Goldman Sachs Group set a $263.00 price target on shares of Union Pacific and gave the company a "neutral" rating in a report on Thursday. Finally, Robert W. Baird started coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $261.58.

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.

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