Spreng Capital Management Inc. Sells 109 Shares of Union Pacific Corporation $UNP

Spreng Capital Management Inc. decreased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,901 shares of the railroad operator’s stock after selling 109 shares during the period. Spreng Capital Management Inc.’s holdings in Union Pacific were worth $897,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Union Pacific during the 1st quarter valued at about $32,000. WPG Advisers LLC bought a new stake in shares of Union Pacific during the 1st quarter valued at about $33,000. GFG Capital LLC bought a new stake in shares of Union Pacific during the 2nd quarter valued at about $38,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.9%

UNP opened at $225.98 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 firm has a 50 day moving average price of $224.71 and a 200-day moving average price of $224.12. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The stock has a market capitalization of $134.03 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.33 and a beta of 1.07.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the previous year, the company earned $2.74 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and lifted their price target for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research report on Friday, October 3rd. Citigroup reissued a “buy” rating and set a $263.00 price target (up from $251.00) on shares of Union Pacific in a research report on Monday. Finally, Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $261.58.

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.