Oppenheimer Asset Management Inc. Has $6.26 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Oppenheimer Asset Management Inc. reduced its stake in Union Pacific Co. (NYSE:UNP) by 35.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,376 shares of the railroad operator’s stock after selling 14,221 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Union Pacific were worth $6,255,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Union Pacific in the 2nd quarter valued at about $28,000. Cultivar Capital Inc. acquired a new position in Union Pacific during the second quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new stake in Union Pacific in the third quarter valued at approximately $30,000. Jamison Private Wealth Management Inc. raised its holdings in Union Pacific by 265.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after purchasing an additional 93 shares during the period. Finally, Fairscale Capital LLC bought a new position in shares of Union Pacific during the second quarter worth $31,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Trading Down 2.0 %

Union Pacific stock opened at $235.58 on Friday. 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 firm has a 50-day moving average of $242.46 and a 200-day moving average of $238.64. The company has a market cap of $142.82 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 2.38 and a beta of 1.06. Union Pacific Co. has a one year low of $215.81 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results 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 company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the prior year, the business earned $2.51 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on UNP shares. Royal Bank of Canada lowered their price objective on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Susquehanna dropped their price target on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Sanford C. Bernstein cut their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Raymond James lifted their price target on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

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.