Grassi Investment Management Sells 600 Shares of Union Pacific Co. (NYSE:UNP)

Grassi Investment Management trimmed its position in Union Pacific Co. (NYSE:UNP) by 1.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,683 shares of the railroad operator’s stock after selling 600 shares during the period. Union Pacific makes up approximately 1.1% of Grassi Investment Management’s portfolio, making the stock its 25th biggest position. Grassi Investment Management’s holdings in Union Pacific were worth $12,492,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Richardson Capital Management LLC acquired a new position in shares of Union Pacific during the first quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new position in Union Pacific during the second quarter worth $28,000. Cultivar Capital Inc. bought a new position in shares of Union Pacific in the second quarter valued at $27,000. Tributary Capital Management LLC acquired a new position in shares of Union Pacific during the first quarter valued at about $30,000. Finally, Jamison Private Wealth Management Inc. increased its position in shares of Union Pacific by 265.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after acquiring an additional 93 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UNP. Benchmark restated a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a report on Monday, July 29th. Raymond James lifted their target price on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Susquehanna increased their target price on shares of Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Bank of America reduced their price objective on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.53.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $241.34 on Thursday. Union Pacific Co. has a 12 month low of $199.97 and a 12 month high of $258.66. The firm has a market capitalization of $147.02 billion, a P/E ratio of 22.66, a P/E/G ratio of 2.23 and a beta of 1.05. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The business has a fifty day simple moving average of $246.57 and a two-hundred day simple moving average of $238.60.

Union Pacific (NYSE:UNP) last released its 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 business 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% compared to the same quarter last year. During the same period in the previous year, the company posted $2.57 earnings per share. On average, equities analysts forecast that Union Pacific Co. will post 11.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.28% of the stock is owned by company insiders.

Union Pacific Company 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.