Peak Asset Management LLC Sells 85 Shares of Union Pacific Co. (NYSE:UNP)

Peak Asset Management LLC decreased its stake in shares of Union Pacific Co. (NYSE:UNP) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,365 shares of the railroad operator’s stock after selling 85 shares during the period. Peak Asset Management LLC’s holdings in Union Pacific were worth $3,541,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Cultivar Capital Inc. bought a new stake in Union Pacific during the 2nd quarter worth about $27,000. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific in the second quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. grew its stake in shares of Union Pacific by 3,250.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after buying an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Union Pacific during the third quarter worth $30,000. Finally, Fairscale Capital LLC acquired a new stake in Union Pacific in the second quarter valued at $31,000. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on UNP. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Wells Fargo & Company reduced their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Benchmark restated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research note on Friday, October 25th. Raymond James lifted their target price on Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. cut their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $240.34 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The company has a 50-day moving average price of $242.77 and a 200-day moving average price of $238.63. The company has a market cap of $145.71 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. Union Pacific Co. has a 12 month low of $212.47 and a 12 month high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) 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 company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current 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.