Union Pacific Corporation (UNP) : Grassi Investment Management reduced its stake in Union Pacific Corporation by 1.05% during the most recent quarter end. The investment management company now holds a total of 56,490 shares of Union Pacific Corporation which is valued at $5,453,545 after selling 600 shares in Union Pacific Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Union Pacific Corporation makes up approximately 1.05% of Grassi Investment Management’s portfolio.
Other Hedge Funds, Including , Bristlecone Advisors boosted its stake in UNP in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 20,630 shares of Union Pacific Corporation which is valued at $1,991,620. Union Pacific Corporation makes up approx 0.73% of Bristlecone Advisors’s portfolio.Canal Capital Management reduced its stake in UNP by selling 2,600 shares or 52.51% in the most recent quarter. The Hedge Fund company now holds 2,351 shares of UNP which is valued at $228,870. Union Pacific Corporation makes up approx 0.21% of Canal Capital Management’s portfolio.New England Research Management reduced its stake in UNP by selling 2,325 shares or 24.38% in the most recent quarter. The Hedge Fund company now holds 7,213 shares of UNP which is valued at $710,769. Union Pacific Corporation makes up approx 0.60% of New England Research Management’s portfolio.Beacon Financial Group boosted its stake in UNP in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 11,950 shares of Union Pacific Corporation which is valued at $1,177,553. Union Pacific Corporation makes up approx 0.25% of Beacon Financial Group’s portfolio.
Union Pacific Corporation closed down -0.81 points or -0.83% at $96.54 with 42,02,412 shares getting traded on Tuesday. Post opening the session at $97.32, the shares hit an intraday low of $96.0123 and an intraday high of $97.48 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Union Pacific Corporation reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.16. The company had revenue of $4770.00 million for the quarter, compared to analysts expectations of $4784.60 million. The company’s revenue was down -12.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.38 EPS.
Many Wall Street Analysts have commented on Union Pacific Corporation. Deutsche Bank Downgraded Union Pacific Corporation on Jul 20, 2016 to ” Hold”, Price Target of the shares are set at $94.
Union Pacific Corporation operates through its principal operating company Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States which has 31974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail providing a supply chain link around the world. Its business mix includes agricultural products automotive chemicals coal industrial products and intermodal. The Company serves United States population centers operates from West Coast and Gulf Coast ports to eastern gateways connects with Canada’s rail systems and serves six Mexico gateways. The Company’s freight traffic consists of bulk manifest and premium business.