Ipswich Investment Management Co. Inc. Sells 12,795 Shares of Union Pacific Co. (NYSE:UNP)

Ipswich Investment Management Co. Inc. decreased its holdings in Union Pacific Co. (NYSE:UNP) by 40.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,949 shares of the railroad operator’s stock after selling 12,795 shares during the period. Union Pacific accounts for about 1.1% of Ipswich Investment Management Co. Inc.’s holdings, making the stock its 29th biggest position. Ipswich Investment Management Co. Inc.’s holdings in Union Pacific were worth $4,670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cultivar Capital Inc. purchased a new position in Union Pacific in the 2nd quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Union Pacific during the 2nd quarter valued at $28,000. Financial Gravity Asset Management Inc. lifted its holdings in Union Pacific by 3,250.0% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Union Pacific in the 3rd quarter worth about $30,000. Finally, Fairscale Capital LLC purchased a new position in Union Pacific during the 2nd quarter valued at about $31,000. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on UNP shares. Susquehanna lowered their target price on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company dropped their target price on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Barclays boosted their price target on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday. Sanford C. Bernstein dropped their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Finally, StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Stock Down 0.0 %

UNP stock opened at $235.57 on Friday. The business’s 50-day moving average price is $241.86 and its 200-day moving average price is $238.58. The stock has a market cap of $142.82 billion, a P/E ratio of 21.63, a PEG ratio of 2.38 and a beta of 1.06. Union Pacific Co. has a twelve month low of $216.79 and a twelve month high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.51 earnings per share. On average, equities research analysts forecast that Union Pacific Co. will post 10.94 EPS for the current year.

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.