Mechanics Bank Trust Department Lowers stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Mechanics Bank Trust Department reduced its stake in Union Pacific Corporation by 21.7% during the most recent quarter end. The investment management company now holds a total of 6,734 shares of Union Pacific Corporation which is valued at $603,568 after selling 1,866 shares in Union Pacific Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Union Pacific Corporation makes up approximately 0.23% of Mechanics Bank Trust Department’s portfolio.

Union Pacific Corporation 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 , St Germain D J Co Inc boosted its stake in UNP in the latest quarter, The investment management firm added 2,143 additional shares and now holds a total of 25,742 shares of Union Pacific Corporation which is valued at $2,307,255. Union Pacific Corporation makes up approx 0.32% of St Germain D J Co Inc’s portfolio. Redwood Investments added UNP to its portfolio by purchasing 150 company shares during the most recent quarter which is valued at $13,445.Northstar Group boosted its stake in UNP in the latest quarter, The investment management firm added 163 additional shares and now holds a total of 15,231 shares of Union Pacific Corporation which is valued at $1,236,910. Union Pacific Corporation makes up approx 0.94% of Northstar Group’s portfolio. Brookstone Capital Management sold out all of its stake in UNP during the most recent quarter. The investment firm sold 3,440 shares of UNP which is valued $279,362.Creative Planning reduced its stake in UNP by selling 2,750 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 85,637 shares of UNP which is valued at $6,738,776. Union Pacific Corporation makes up approx 0.05% of Creative Planning’s portfolio.

On the company’s financial health, Union Pacific Corporation 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 Pacific Corporation. 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 Pacific Corporation 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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