Taylor Hoffman Wealth Management raised its stake in shares of Union Pacific Co. (NYSE:UNP) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,757 shares of the railroad operator’s stock after buying an additional 433 shares during the period. Taylor Hoffman Wealth Management’s holdings in Union Pacific were worth $933,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of UNP. Krane Funds Advisors LLC bought a new position in shares of Union Pacific in the second quarter worth about $25,000. Selective Wealth Management Inc. bought a new position in shares of Union Pacific in the third quarter worth about $25,000. Candriam Luxembourg S.C.A. increased its stake in shares of Union Pacific by 10.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 163,196 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 14,927 shares during the period. River & Mercantile Asset Management LLP bought a new position in shares of Union Pacific in the second quarter worth about $29,000. Finally, Mackey Komara & Dankovich LLC increased its stake in shares of Union Pacific by 549.7% in the second quarter. Mackey Komara & Dankovich LLC now owns 1,124 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 951 shares during the period. Institutional investors and hedge funds own 79.29% of the company’s stock.
UNP stock traded down $0.91 during trading on Friday, reaching $176.10. 1,423,758 shares of the stock were exchanged, compared to its average volume of 3,548,266. Union Pacific Co. has a twelve month low of $128.08 and a twelve month high of $180.54. The company has a market capitalization of $123.41 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. The stock has a 50 day simple moving average of $164.85 and a 200-day simple moving average of $168.95. The company has a current ratio of 0.89, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.07). Union Pacific had a return on equity of 32.65% and a net margin of 27.28%. The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period last year, the business earned $2.15 earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities analysts predict that Union Pacific Co. will post 8.52 EPS for the current year.
A number of equities analysts have recently commented on the company. Atlantic Securities upgraded Union Pacific from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $175.00 to $195.00 in a research note on Friday, July 26th. Zacks Investment Research upgraded Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price objective on the stock in a research note on Monday, July 22nd. Morgan Stanley dropped their price objective on Union Pacific from $138.00 to $136.00 and set an “underweight” rating on the stock in a research note on Friday, October 18th. UBS Group dropped their price objective on Union Pacific from $193.00 to $184.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Finally, Cowen reissued a “buy” rating and set a $172.00 target price on shares of Union Pacific in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. Union Pacific currently has an average rating of “Buy” and an average price target of $178.67.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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