Renaissance Investment Group Lowers stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Renaissance Investment Group reduced its stake in Union Pacific Corporation by 14.49% during the most recent quarter end. The investment management company now holds a total of 54,624 shares of Union Pacific Corporation which is valued at $4.3 Million after selling 9,253 shares in Union Pacific Corporation according to a report filed by the company on Apr 1, 2016 with the SEC.Union Pacific Corporation makes up approximately 2.16% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group boosted its stake in UNP in the latest quarter, The investment management firm added 457 additional shares and now holds a total of 12,892 shares of Union Pacific Corporation which is valued at $1 Million. Union Pacific Corporation makes up approx 0.22% of Beacon Financial Group’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. 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. Shares were Reiterated by Argus on Jan 25, 2016 to “Buy” and Lowered the Price Target to $ 80 from a previous price target of $110 .

Union Pacific Corporation closed down -0.48 points or -0.61% at $78.69 with 41,09,597 shares getting traded on Monday. Post opening the session at $79.14, the shares hit an intraday low of $78.58 and an intraday high of $80.51 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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