907 Shares in Union Pacific Co. (NYSE:UNP) Acquired by Benin Management CORP

by · The Cerbat Gem

Benin Management CORP acquired a new position in Union Pacific Co. (NYSE:UNP – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 907 shares of the railroad operator’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UNP. International Assets Investment Management LLC lifted its position in Union Pacific by 36.2% in the first quarter. International Assets Investment Management LLC now owns 4,457 shares of the railroad operator’s stock worth $1,084,000 after purchasing an additional 1,185 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of Union Pacific by 5.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,389 shares of the railroad operator’s stock valued at $834,000 after acquiring an additional 162 shares during the last quarter. Cooper Financial Group lifted its position in shares of Union Pacific by 32.3% during the 1st quarter. Cooper Financial Group now owns 2,273 shares of the railroad operator’s stock valued at $559,000 after acquiring an additional 555 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Union Pacific during the 1st quarter valued at $104,000. Finally, AdvisorNet Financial Inc lifted its position in shares of Union Pacific by 3.4% during the 1st quarter. AdvisorNet Financial Inc now owns 2,468 shares of the railroad operator’s stock valued at $607,000 after acquiring an additional 82 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UNP shares. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Bank of America cut their price objective on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. TD Cowen reduced their target price on Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a report on Friday, July 26th. Stifel Nicolaus reduced their target price on Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Barclays reduced their target price on Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.53.

Check Out Our Latest Stock Analysis on UNP

Insiders Place Their Bets

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the transaction, the president now directly owns 64,945 shares of the company’s stock, valued at $16,014,787.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.28% of the company’s stock.

Union Pacific Stock Down 1.8 %

Shares of NYSE UNP traded down $4.50 during mid-day trading on Monday, reaching $239.60. The company had a trading volume of 273,016 shares, compared to its average volume of 2,260,315. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The stock has a market capitalization of $145.96 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a twelve month low of $199.97 and a twelve month high of $258.66. The stock’s 50 day moving average is $246.41 and its 200-day moving average is $238.59.

Union Pacific (NYSE:UNP – Get Free Report) last posted its earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $2.57 earnings per share. As a group, equities analysts anticipate that Union Pacific Co. will post 11.07 earnings per share for the current fiscal year.

Union Pacific Company Profile

(Free Report)

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.

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