Northstar Group buys $1,496,355 stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Northstar Group scooped up 664 additional shares in Union Pacific Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 15,895 shares of Union Pacific Corporation which is valued at $1,496,355.Union Pacific Corporation makes up approximately 1.10% of Northstar Group’s portfolio.

Other Hedge Funds, Including , Howland Capital Management reduced its stake in UNP by selling 538 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 61,258 shares of UNP which is valued at $5,555,488. Union Pacific Corporation makes up approx 0.52% of Howland Capital Management’s portfolio.

Union Pacific Corporation closed down -0.72 points or -0.76% at $93.98 with 40,30,880 shares getting traded on Friday. Post opening the session at $94.97, the shares hit an intraday low of $93.71 and an intraday high of $95.335 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. Morgan Stanley Upgraded Union Pacific Corporation on Jun 3, 2016 to ” Overweight”, Price Target of the shares are set at $90.Union Pacific Corporation was Initiated by Credit Agricole to “Sell” on May 19, 2016. 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 .

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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