Front Barnett Associates Lowers stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Front Barnett Associates reduced its stake in Union Pacific Corporation by 1.5% during the most recent quarter end. The investment management company now holds a total of 151,860 shares of Union Pacific Corporation which is valued at $14,103,238 after selling 2,306 shares in Union Pacific Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Union Pacific Corporation makes up approximately 2.76% of Front Barnett Associates’s portfolio.

Other Hedge Funds, Including , Gateway Advisory added UNP to its portfolio by purchasing 6,348 company shares during the most recent quarter which is valued at $589,539. Union Pacific Corporation makes up approx 0.23% of Gateway Advisory’s portfolio.Garland Capital Management Inc boosted its stake in UNP in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 36,825 shares of Union Pacific Corporation which is valued at $3,465,969. Union Pacific Corporation makes up approx 2.67% of Garland Capital Management Inc’s portfolio.Legacy Private Trust reduced its stake in UNP by selling 310 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 24,923 shares of UNP which is valued at $2,345,753. Union Pacific Corporation makes up approx 0.33% of Legacy Private Trust’s portfolio.

Union Pacific Corporation opened for trading at $93.88 and hit $94.95 on the upside on Monday, eventually ending the session at $93.86, with a gain of 0.01% or 0.01 points. The heightened volatility saw the trading volume jump to 24,91,911 shares. Company has a market cap of $78,177 M.

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.

Investors should note that on Jul 28, 2016, Union Pacific Corporation announced a cash dividend of $0.5500. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 30, 2016.

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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