Union Pacific Co. (NYSE:UNP) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 1.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 238,150 shares of the railroad operator’s stock after selling 2,484 shares during the period. Victory Capital Management Inc.’s holdings in Union Pacific were worth $58,699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairhaven Wealth Management LLC raised its position in Union Pacific by 1.7% during the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after acquiring an additional 43 shares during the last quarter. Chesapeake Wealth Management raised its position in shares of Union Pacific by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after purchasing an additional 43 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its stake in Union Pacific by 0.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock valued at $1,897,000 after buying an additional 44 shares in the last quarter. Beaumont Financial Advisors LLC grew its holdings in Union Pacific by 1.0% during the 1st quarter. Beaumont Financial Advisors LLC now owns 4,595 shares of the railroad operator’s stock valued at $1,130,000 after buying an additional 45 shares during the last quarter. Finally, Montecito Bank & Trust increased its position in Union Pacific by 0.4% during the second quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator’s stock worth $2,691,000 after buying an additional 45 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

NYSE UNP opened at $235.58 on Friday. The company has a 50 day simple moving average of $242.46 and a 200-day simple moving average of $238.64. Union Pacific Co. has a 52-week low of $215.81 and a 52-week high of $258.66. The firm has a market capitalization of $142.82 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same period last year, the business earned $2.51 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citigroup increased their target price on Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a research report on Tuesday. Bank of America reduced their price objective on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lowered their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Royal Bank of Canada lowered their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $259.80.

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.