Carnegie Investment Counsel Trims Holdings in Union Pacific Corporation $UNP

Carnegie Investment Counsel cut its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 112,209 shares of the railroad operator's stock after selling 5,219 shares during the quarter. Carnegie Investment Counsel's holdings in Union Pacific were worth $25,817,000 at the end of the most recent quarter.

• Union Pacific: Laying the Tracks for America's Industrial Renewal

Several other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock worth $2,491,000 after buying an additional 1,520 shares in the last quarter. Continuum Advisory LLC grew its position in Union Pacific by 10.1% during the first quarter. Continuum Advisory LLC now owns 579 shares of the railroad operator's stock worth $137,000 after buying an additional 53 shares in the last quarter. International Assets Investment Management LLC grew its position in Union Pacific by 3.9% during the first quarter. International Assets Investment Management LLC now owns 3,440 shares of the railroad operator's stock worth $813,000 after buying an additional 130 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Union Pacific during the first quarter worth about $545,000. Finally, Golden State Wealth Management LLC grew its position in Union Pacific by 224.3% during the first quarter. Golden State Wealth Management LLC now owns 5,195 shares of the railroad operator's stock worth $1,228,000 after buying an additional 3,593 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Down 2.3%

Shares of UNP stock opened at $220.05 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The business has a 50-day moving average price of $225.03 and a two-hundred day moving average price of $224.22. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The firm has a market cap of $130.51 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07.

• This Railroad Stock Is Chugging Along to a New All-Time High

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating analysts' consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the previous year, the company posted $2.75 EPS. Union Pacific's revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UNP shares. Weiss Ratings restated a "hold (c+)" rating on shares of Union Pacific in a research report on Wednesday, October 8th. Morgan Stanley reduced their target price on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the stock a "neutral" rating in a research note on Thursday. Wells Fargo & Company lifted their price target on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Baird R W raised Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of "Moderate Buy" and an average target price of $261.58.

• Transports Are Trending Higher: It’s a Golden Time to Buy More

View Our Latest Stock Analysis on Union Pacific

Union Pacific 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.

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