Union Pacific Co. (NYSE:UNP) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in Union Pacific Co. (NYSE:UNP - Free Report) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,453,285 shares of the railroad operator's stock after selling 57,266 shares during the period. PNC Financial Services Group Inc. owned approximately 0.24% of Union Pacific worth $358,206,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of UNP. Fairhaven Wealth Management LLC lifted its position in shares of Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator's stock valued at $584,000 after buying an additional 43 shares in the last quarter. Chesapeake Wealth Management boosted its stake in shares of Union Pacific by 0.5% in the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator's stock worth $1,856,000 after acquiring an additional 43 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of Union Pacific by 0.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator's stock worth $1,897,000 after purchasing an additional 44 shares in the last quarter. Montecito Bank & Trust raised its stake in Union Pacific by 0.4% in the 2nd quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator's stock valued at $2,691,000 after purchasing an additional 45 shares during the last quarter. Finally, Traveka Wealth LLC lifted its holdings in Union Pacific by 3.4% in the 3rd quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator's stock valued at $335,000 after purchasing an additional 45 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNP has been the topic of several recent research reports. Bank of America lowered their target price on Union Pacific from $273.00 to $270.00 and set a "buy" rating on the stock in a report on Tuesday, September 24th. Robert W. Baird reduced their price target on Union Pacific from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Citigroup upped their price objective on shares of Union Pacific from $255.00 to $267.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their target price on shares of Union Pacific from $263.00 to $252.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company decreased their target price on shares of Union Pacific from $270.00 to $255.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Union Pacific presently has a consensus rating of "Moderate Buy" and an average price target of $259.80.

Union Pacific Stock Down 0.5 %

Shares of NYSE UNP traded down $1.12 during mid-day trading on Tuesday, hitting $233.29. The company had a trading volume of 1,666,933 shares, compared to its average volume of 2,308,451. Union Pacific Co. has a 1-year low of $216.92 and a 1-year high of $258.66. The company has a market capitalization of $141.43 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The business's 50-day simple moving average is $241.53 and its 200 day simple moving average is $238.60.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts' consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the previous year, the business posted $2.51 earnings per share. Union Pacific's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current year.

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.