Metis Global Partners LLC Reduces Stock Holdings in Union Pacific Corporation $UNP

Metis Global Partners LLC cut its position in shares of Union Pacific Corporation (NYSE:UNP) by 17.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,524 shares of the railroad operator’s stock after selling 5,642 shares during the period. Metis Global Partners LLC’s holdings in Union Pacific were worth $6,333,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Marco Investment Management LLC increased its stake in Union Pacific by 3.1% during the second quarter. Marco Investment Management LLC now owns 58,116 shares of the railroad operator’s stock worth $13,371,000 after acquiring an additional 1,773 shares during the last quarter. Harvest Portfolios Group Inc. grew its holdings in shares of Union Pacific by 16.5% during the 2nd quarter. Harvest Portfolios Group Inc. now owns 8,682 shares of the railroad operator’s stock worth $1,998,000 after purchasing an additional 1,229 shares during the period. Nvwm LLC increased its position in shares of Union Pacific by 7.6% during the 2nd quarter. Nvwm LLC now owns 7,379 shares of the railroad operator’s stock worth $1,698,000 after purchasing an additional 520 shares during the last quarter. Ipsen Advisor Group LLC lifted its position in Union Pacific by 6.1% in the second quarter. Ipsen Advisor Group LLC now owns 2,336 shares of the railroad operator’s stock valued at $537,000 after buying an additional 135 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its stake in Union Pacific by 2.3% during the second quarter. Pekin Hardy Strauss Inc. now owns 4,250 shares of the railroad operator’s stock worth $978,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on UNP. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and upped their price objective for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. Wells Fargo & Company boosted their target price on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Royal Bank Of Canada upped their price target on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Barclays cut Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $261.63.

Union Pacific Stock Up 1.7%

Shares of NYSE:UNP opened at $221.65 on Friday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The firm’s 50 day moving average price is $224.06 and its 200 day moving average price is $224.32. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. The stock has a market cap of $131.47 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the prior year, the firm posted $2.75 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal 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.