Conning Lowers stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Conning reduced its stake in Union Pacific Corporation by 3.02% during the most recent quarter end. The investment management company now holds a total of 286,245 shares of Union Pacific Corporation which is valued at $26,228,629 after selling 8,910 shares in Union Pacific Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Union Pacific Corporation makes up approximately 1.09% of Conning’s portfolio.

Other Hedge Funds, Including , Horrell Capital Management reduced its stake in UNP by selling 397 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 77,412 shares of UNP which is valued at $7,093,262. Union Pacific Corporation makes up approx 4.43% of Horrell Capital Management’s portfolio. Boys Arnold Co Inc added UNP to its portfolio by purchasing 4,807 company shares during the most recent quarter which is valued at $452,435. Union Pacific Corporation makes up approx 0.08% of Boys Arnold Co Inc’s portfolio.Neville Rodie Shaw Inc boosted its stake in UNP in the latest quarter, The investment management firm added 7,065 additional shares and now holds a total of 73,510 shares of Union Pacific Corporation which is valued at $6,920,231. Union Pacific Corporation makes up approx 0.81% of Neville Rodie Shaw Inc’s portfolio.Jacobs Coca boosted its stake in UNP in the latest quarter, The investment management firm added 3,554 additional shares and now holds a total of 60,619 shares of Union Pacific Corporation which is valued at $5,706,673. Union Pacific Corporation makes up approx 1.30% of Jacobs Coca’s portfolio.

Union Pacific Corporation closed down -0.03 points or -0.03% at $93.05 with 28,01,094 shares getting traded on Friday. Post opening the session at $92.55, the shares hit an intraday low of $92.26 and an intraday high of $93.31 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 $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.16. The company had revenue of $4770.00 million for the quarter, compared to analysts expectations of $4784.60 million. The company’s revenue was down -12.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.38 EPS.

Many Wall Street Analysts have commented on Union Pacific Corporation. Deutsche Bank Downgraded Union Pacific Corporation on Jul 20, 2016 to ” Hold”, Price Target of the shares are set at $94.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.

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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