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

Union Pacific Corporation (UNP) : Alta Capital Management reduced its stake in Union Pacific Corporation by 5.21% during the most recent quarter end. The investment management company now holds a total of 631,545 shares of Union Pacific Corporation which is valued at $61,095,663 after selling 34,738 shares in Union Pacific Corporation , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Union Pacific Corporation makes up approximately 3.86% of Alta Capital Management’s portfolio.

Other Hedge Funds, Including , Gulf International Bank (uk) Ltd reduced its stake in UNP by selling 250 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 256,982 shares of UNP which is valued at $24,860,439. Union Pacific Corporation makes up approx 0.41% of Gulf International Bank (uk) Ltd’s portfolio.Legal General Group Plc boosted its stake in UNP in the latest quarter, The investment management firm added 207,200 additional shares and now holds a total of 4,031,434 shares of Union Pacific Corporation which is valued at $389,194,638. Union Pacific Corporation makes up approx 0.40% of Legal General Group Plc’s portfolio.Atria Investments boosted its stake in UNP in the latest quarter, The investment management firm added 832 additional shares and now holds a total of 4,882 shares of Union Pacific Corporation which is valued at $471,308. Union Pacific Corporation makes up approx 0.04% of Atria Investments’s portfolio.Dynamic Advisors Solutions reduced its stake in UNP by selling 2,152 shares or 13.16% in the most recent quarter. The Hedge Fund company now holds 14,201 shares of UNP which is valued at $1,382,467. Union Pacific Corporation makes up approx 0.53% of Dynamic Advisors Solutions’s portfolio.Ronna Sue Cohen reduced its stake in UNP by selling 210 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 8,120 shares of UNP which is valued at $790,482. Union Pacific Corporation makes up approx 0.60% of Ronna Sue Cohen’s portfolio.

Union Pacific Corporation closed down -0.81 points or -0.83% at $96.54 with 42,02,412 shares getting traded on Tuesday. Post opening the session at $97.32, the shares hit an intraday low of $96.0123 and an intraday high of $97.48 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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