Diversify Advisory Services LLC reduced its stake in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 16.8% during the third quarter, Holdings Channel.com reports. The firm owned 11,624 shares of the railroad operator’s stock after selling 2,343 shares during the period. Diversify Advisory Services LLC’s holdings in Union Pacific were worth $2,807,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Forum Financial Management LP lifted its stake in shares of Union Pacific by 0.6% in the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after acquiring an additional 41 shares during the period. Fairhaven Wealth Management LLC boosted its stake in Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after purchasing an additional 43 shares in the last quarter. Chesapeake Wealth Management increased its position in shares of Union Pacific by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after purchasing an additional 43 shares during the period. Fortis Capital Advisors LLC increased its position in shares of Union Pacific by 5.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock valued at $225,000 after purchasing an additional 44 shares during the period. Finally, Azzad Asset Management Inc. ADV raised its stake in shares of Union Pacific by 0.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock worth $1,897,000 after buying an additional 44 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on UNP. Susquehanna lowered their target price on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday. Bank of America lowered their price objective on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Raymond James increased their target price on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. Royal Bank of Canada decreased their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Evercore ISI downgraded Union Pacific from an “outperform” rating to an “inline” rating and cut their price objective for the company from $254.00 to $247.00 in a research report on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $259.15.
Union Pacific Stock Up 0.2 %
UNP stock traded up $0.35 during midday trading on Tuesday, reaching $232.33. The company had a trading volume of 140,473 shares, compared to its average volume of 2,272,038. The company has a 50 day moving average of $245.74 and a two-hundred day moving average of $238.44. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 1 year low of $202.41 and a 1 year high of $258.66. The company has a market capitalization of $140.85 billion, a P/E ratio of 21.30, a PEG ratio of 2.26 and a beta of 1.05.
Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same period in the previous year, the business posted $2.51 EPS. Union Pacific’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts expect that Union Pacific Co. will post 11.02 earnings per share for the current fiscal year.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
Featured Stories
- Five stocks we like better than Union Pacific
- 3 Small Caps With Big Return Potential
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- Investing in Travel Stocks Benefits
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- 3 Stocks Reporting Kitchen Sink Quarters to Usher in a Turnaround
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP – Free Report).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.