Skylands Capital Lowers stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Skylands Capital reduced its stake in Union Pacific Corporation by 11.03% during the most recent quarter end. The investment management company now holds a total of 661,375 shares of Union Pacific Corporation which is valued at $53,710,264 after selling 82,000 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 8.48% of Skylands Capital’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 , Eastern Bank reduced its stake in UNP by selling 5,484 shares or 27.46% in the most recent quarter. The Hedge Fund company now holds 14,484 shares of UNP which is valued at $1,176,246. Union Pacific Corporation makes up approx 0.10% of Eastern Bank’s portfolio.1st Global Advisors boosted its stake in UNP in the latest quarter, The investment management firm added 381 additional shares and now holds a total of 4,963 shares of Union Pacific Corporation which is valued at $403,045. Union Pacific Corporation makes up approx 0.06% of 1st Global Advisors’s portfolio.Gradient Investments reduced its stake in UNP by selling 59 shares or 10.33% in the most recent quarter. The Hedge Fund company now holds 512 shares of UNP which is valued at $41,580. Union Pacific Corporation makes up approx 0.01% of Gradient Investments’s portfolio.Dnb Asset Management As boosted its stake in UNP in the latest quarter, The investment management firm added 36,800 additional shares and now holds a total of 151,592 shares of Union Pacific Corporation which is valued at $12,310,786. Union Pacific Corporation makes up approx 0.25% of Dnb Asset Management As’s portfolio.Partnerre Asset Management Corp reduced its stake in UNP by selling 100 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 5,715 shares of UNP which is valued at $449,713. Union Pacific Corporation makes up approx 0.24% of Partnerre Asset Management Corp’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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