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Kestra Private Wealth cut its Union Pacific shares by 6.6%, amid the company missing earnings estimates.
Kestra Private Wealth Services LLC reduced its stake in Union Pacific Corporation (UNP) by 6.6% in the first quarter, selling 3,475 shares and now owning 49,127 shares worth $11.6 million.
Union Pacific, a major railroad operator in the U.S., saw its institutional ownership at 80.38%.
The company reported earnings per share (EPS) of $2.70, missing the consensus estimate of $2.73, and revenue was down 0.1% year-over-year.
Union Pacific declared a quarterly dividend of $1.38 per share, with a yield of 2.45%.
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Kestra Private Wealth recortó sus acciones de Union Pacific en un 6,6%, en medio de la falta de estimaciones de ganancias de la compañía.