Main Street Financial Solutions LLC Sells 719 Shares of Union Pacific Co. (NYSE:UNP)

Main Street Financial Solutions LLC cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 18.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,120 shares of the railroad operator’s stock after selling 719 shares during the period. Main Street Financial Solutions LLC’s holdings in Union Pacific were worth $769,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UNP. Strategic Investment Solutions Inc. IL acquired a new stake in Union Pacific in the second quarter valued at $28,000. Cultivar Capital Inc. bought a new stake in Union Pacific in the second quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in Union Pacific during the 3rd quarter valued at approximately $30,000. Jamison Private Wealth Management Inc. raised its holdings in Union Pacific by 265.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after purchasing an additional 93 shares during the last quarter. Finally, Fairscale Capital LLC acquired a new position in shares of Union Pacific in the 2nd quarter worth approximately $31,000. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on UNP. Bank of America dropped their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Sanford C. Bernstein reduced their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Susquehanna decreased their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird cut their target price on Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific Stock Performance

Union Pacific stock opened at $240.34 on Thursday. Union Pacific Co. has a fifty-two week low of $212.47 and a fifty-two week high of $258.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a market cap of $145.71 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. The firm’s fifty day moving average price is $242.77 and its 200-day moving average price is $238.63.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.51 earnings per share. On average, equities research analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.