Curbstone Financial Management Corp trimmed its position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 19.6% during the second quarter, Holdings Channel.com reports. The firm owned 2,278 shares of the railroad operator’s stock after selling 556 shares during the period. Curbstone Financial Management Corp’s holdings in Union Pacific were worth $524,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. CBIZ Investment Advisory Services LLC raised its position in Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after buying an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific in the 1st quarter valued at $32,000. WPG Advisers LLC purchased a new stake in Union Pacific in the 1st quarter valued at $33,000. Cornerstone Planning Group LLC raised its position in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after buying an additional 56 shares during the last quarter. Finally, GFG Capital LLC purchased a new stake in Union Pacific in the 2nd quarter valued at $38,000. 80.38% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Stock Up 0.9%
UNP stock opened at $225.98 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market capitalization of $134.03 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.35 and a beta of 1.07. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The stock has a fifty day moving average of $224.71 and a 200-day moving average of $224.02.
Analysts Set New Price Targets
A number of equities research analysts recently commented on UNP shares. Robert W. Baird started coverage on Union Pacific in a research report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target for the company. Morgan Stanley reduced their price objective on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Susquehanna restated a “positive” rating and issued a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Sanford C. Bernstein upped their price objective on Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Jefferies Financial Group upgraded Union Pacific from a “hold” rating to a “buy” rating and upped their price objective for the company from $250.00 to $285.00 in a research note on Friday, July 25th. One equities research 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $261.58.
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.
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