RKL Wealth Management LLC Decreases Holdings in Union Pacific Co. (UNP)
RKL Wealth Management LLC reduced its stake in Union Pacific Co. (NYSE:UNP) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,714 shares of the railroad operator’s stock after selling 938 shares during the period. Union Pacific accounts for approximately 1.2% of RKL Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position. RKL Wealth Management LLC’s holdings in Union Pacific were worth $5,489,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Landaas & Co. WI ADV acquired a new position in shares of Union Pacific in the second quarter valued at about $133,000. grace capital acquired a new position in shares of Union Pacific in the second quarter valued at about $142,000. Exane Derivatives grew its stake in shares of Union Pacific by 85.1% in the second quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock valued at $155,000 after acquiring an additional 504 shares in the last quarter. Parkside Investments LLC acquired a new position in shares of Union Pacific in the third quarter valued at about $185,000. Finally, Brand Asset Management Group Inc. acquired a new position in shares of Union Pacific in the second quarter valued at about $169,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Credit Suisse Group reduced their price objective on shares of Union Pacific from $169.00 to $167.00 and set an “outperform” rating on the stock in a research note on Friday, July 20th. Cowen reiterated a “hold” rating and set a $151.00 price objective on shares of Union Pacific in a research note on Thursday, July 19th. Zacks Investment Research upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Wednesday, July 18th. UBS Group increased their price objective on shares of Union Pacific from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $145.00 price objective on shares of Union Pacific in a research note on Friday, July 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $164.88.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 25th. The railroad operator reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.88 billion. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. During the same quarter in the prior year, the business earned $1.50 earnings per share. As a group, analysts anticipate that Union Pacific Co. will post 7.84 EPS for the current year.
In other news, EVP Robert M. Knight, Jr. sold 20,000 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $163.81, for a total value of $3,276,200.00. Following the completion of the transaction, the executive vice president now owns 106,518 shares of the company’s stock, valued at $17,448,713.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lynden L. Tennison sold 8,450 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the transaction, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
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Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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