S Bank Fund Management Ltd Sells 4,849 Shares of Union Pacific Corporation $UNP

Key Points

• S Bank Fund Management Ltd has reduced its stake in Union Pacific Corporation by 49.2%, now holding 5,000 shares valued at approximately $1.15 million after selling 4,849 shares.
• Union Pacific reported earnings of $3.03 per share for the last quarter, exceeding expectations and demonstrating a 2.4% revenue increase year-over-year, amounting to $6.15 billion.
• The stock is currently trading around $225.57 and has received a variety of ratings from analysts, with a prevailing average target price of $261.58.

S Bank Fund Management Ltd trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 49.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the railroad operator's stock after selling 4,849 shares during the period. S Bank Fund Management Ltd's holdings in Union Pacific were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northern Trust Corp grew its holdings in Union Pacific by 2.0% during the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock worth $1,678,575,000 after acquiring an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Union Pacific by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator's stock valued at $1,641,715,000 after buying an additional 354,463 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Union Pacific by 1.7% during the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator's stock valued at $1,206,191,000 after buying an additional 86,292 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock valued at $1,092,893,000 after buying an additional 452,788 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Union Pacific during the first quarter valued at about $988,822,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $225.57 on Thursday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company's 50 day moving average is $224.61 and its 200 day moving average is $224.28. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The company has a market cap of $133.79 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the company earned $2.74 EPS. Union Pacific's quarterly revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on UNP. UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a "neutral" rating in a research report on Friday, October 3rd. BMO Capital Markets increased their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Susquehanna reaffirmed a "positive" rating and issued a $272.00 price objective (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Union Pacific in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Union Pacific from $267.00 to $265.00 and set a "neutral" rating for the company in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $261.58.

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.

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