Union Pacific Co. (NYSE:UNP) Stake Trimmed by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 4.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,206 shares of the railroad operator’s stock after selling 1,528 shares during the quarter. Union Pacific accounts for about 1.4% of Schmidt P J Investment Management Inc.’s investment portfolio, making the stock its 18th largest holding. Schmidt P J Investment Management Inc.’s holdings in Union Pacific were worth $8,185,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UNP. Marshall Wace LLP boosted its position in Union Pacific by 272.3% during the 2nd quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock worth $379,689,000 after acquiring an additional 1,227,318 shares during the period. Capital World Investors boosted its position in Union Pacific by 35.3% during the 1st quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after acquiring an additional 1,073,625 shares during the period. International Assets Investment Management LLC boosted its position in Union Pacific by 19,878.6% during the 3rd quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after acquiring an additional 891,555 shares during the period. Capital Research Global Investors boosted its position in Union Pacific by 7.6% during the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after acquiring an additional 518,985 shares during the period. Finally, Bridges Investment Management Inc. boosted its position in Union Pacific by 186.4% during the 2nd quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock worth $159,461,000 after acquiring an additional 458,664 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Sanford C. Bernstein reduced their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. TD Cowen reduced their price target on Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a report on Friday, July 26th. Stifel Nicolaus reduced their price target on Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $260.53.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $230.75 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The business’s 50 day moving average is $246.57 and its two-hundred day moving average is $238.60. The company has a market cap of $140.57 billion, a P/E ratio of 21.67, a P/E/G ratio of 2.23 and a beta of 1.05. Union Pacific Co. has a 12 month low of $199.97 and a 12 month high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $2.57 EPS. On average, equities analysts expect that Union Pacific Co. will post 11.07 EPS for the current year.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.28% of the stock is currently owned by company insiders.

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.