Peavine Capital Management Lowers stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Peavine Capital Management reduced its stake in Union Pacific Corporation by 0.84% during the most recent quarter end. The investment management company now holds a total of 2,600 shares of Union Pacific Corporation which is valued at $211,146 after selling 22 shares in Union Pacific Corporation , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Union Pacific Corporation makes up approximately 0.10% of Peavine Capital Management’s portfolio.

Union Pacific Corporation closed down -0.33 points or -0.41% at $80.88 with 73,48,247 shares getting traded on Monday. Post opening the session at $79.98, the shares hit an intraday low of $78.62 and an intraday high of $82.04 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Capital Investment Advisors boosted its stake in UNP in the latest quarter, The investment management firm added 1,836 additional shares and now holds a total of 7,609 shares of Union Pacific Corporation which is valued at $617,927. Union Pacific Corporation makes up approx 0.06% of Capital Investment Advisors’s portfolio. Maple Securities Usa Inc sold out all of its stake in UNP during the most recent quarter. The investment firm sold 4,687 shares of UNP which is valued $380,631.Monroe Bank Trustmi boosted its stake in UNP in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 2,855 shares of Union Pacific Corporation which is valued at $231,855. Union Pacific Corporation makes up approx 0.08% of Monroe Bank Trustmi’s portfolio.Proficio Capital Partners boosted its stake in UNP in the latest quarter, The investment management firm added 374 additional shares and now holds a total of 546 shares of Union Pacific Corporation which is valued at $42,965. Union Pacific Corporation makes up approx 0.04% of Proficio Capital Partners’s portfolio.Chicago Trust Co Na reduced its stake in UNP by selling 1,861 shares or 8.58% in the most recent quarter. The Hedge Fund company now holds 19,822 shares of UNP which is valued at $1,559,793. Union Pacific Corporation makes up approx 0.68% of Chicago Trust Co Na’s portfolio.

On the company’s financial health, Union Pacific Corporation reported $1.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus of $1.41. The company had revenue of $5208.00 million for the quarter, compared to analysts expectations of $5420.10 million. The company’s revenue was down -15.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.61 EPS.

Many Wall Street Analysts have commented on Union Pacific Corporation. 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 was Upgraded by BofA/Merrill to ” Buy” on Feb 22, 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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