Horrell Capital Management Inc. Cuts Holdings in Union Pacific Corporation $UNP

Horrell Capital Management Inc. reduced its stake in shares of Union Pacific Corporation (NYSE:UNP) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,121 shares of the railroad operator’s stock after selling 2,454 shares during the quarter. Union Pacific comprises about 7.1% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Horrell Capital Management Inc.’s holdings in Union Pacific were worth $16,220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of UNP. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific during the fourth quarter valued at about $25,000. High Point Wealth Management LLC bought a new stake in Union Pacific during the fourth quarter worth approximately $26,000. Caitlin John LLC bought a new stake in Union Pacific during the third quarter worth approximately $27,000. Saranac Partners Ltd bought a new stake in Union Pacific during the third quarter worth approximately $27,000. Finally, Stephens Consulting LLC raised its holdings in Union Pacific by 48.4% during the fourth quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator’s stock worth $31,000 after purchasing an additional 44 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

NYSE UNP opened at $265.10 on Friday. The stock has a market capitalization of $157.39 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.85 and a beta of 0.99. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $274.79. The business’s fifty day moving average is $252.20 and its two-hundred day moving average is $240.37. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.07. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.70 EPS. On average, research analysts forecast that Union Pacific Corporation will post 12.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Union Pacific news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the sale, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at $31,492,157.40. The trade was a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric J. Gehringer sold 1,999 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.93, for a total transaction of $469,625.07. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 31,386 shares of company stock worth $8,461,716. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on UNP. Sanford C. Bernstein boosted their target price on Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. UBS Group reiterated a “neutral” rating and issued a $274.00 price target (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $285.00 price target (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Evercore reiterated an “outperform” rating and issued a $277.00 price target on shares of Union Pacific in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.55.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.