Bridges Investment Management Inc Lowers stake in UNION PAC CORP COM (UNP)

UNION PAC CORP COM (UNP) : Bridges Investment Management Inc reduced its stake in UNION PAC CORP COM by 5.37% during the most recent quarter end. The investment management company now holds a total of 149,692 shares of UNION PAC CORP COM which is valued at $13,416,894 after selling 8,489 shares in UNION PAC CORP COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.UNION PAC CORP COM makes up approximately 2.35% of Bridges Investment Management Inc’s portfolio.

UNION PAC CORP COM opened for trading at $88.79 and hit $89.8 on the upside on Wednesday, eventually ending the session at $89.17, with a gain of 0.46% or 0.41 points. The heightened volatility saw the trading volume jump to 38,51,810 shares. Company has a market cap of $74,995 M.

Other Hedge Funds, Including , Montrusco Bolton Investments reduced its stake in UNP by selling 15,074 shares or 9.23% in the most recent quarter. The Hedge Fund company now holds 148,237 shares of UNP which is valued at $13,286,482. UNION PAC CORP COM makes up approx 1.04% of Montrusco Bolton Investments’s portfolio. Stillwater Capital Advisors sold out all of its stake in UNP during the most recent quarter. The investment firm sold 90,730 shares of UNP which is valued $7,368,183.

On the company’s financial health, UNION PAC CORP COM reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.10. The company had revenue of $4829.00 million for the quarter, compared to analysts expectations of $4887.49 million. The company’s revenue was down -14.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.

Many Wall Street Analysts have commented on UNION PAC CORP COM. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $90 .Shares were Downgraded by UBS on Apr 18, 2016 to ” Neutral” and Lowered the Price Target to $ 88 from a previous price target of $89 .UNION PAC CORP COM was Downgraded by Morgan Stanley to ” Equal-Weight” on Feb 23, 2016.

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.

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