Principal Securities Inc. lifted its position in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 2.4% in the 3rd quarter, Holdings Channel reports. The fund owned 14,067 shares of the railroad operator’s stock after buying an additional 328 shares during the period. Principal Securities Inc.’s holdings in Union Pacific were worth $3,467,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Forum Financial Management LP grew its position in shares of Union Pacific by 0.6% during the first 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 last quarter. Fairhaven Wealth Management LLC lifted its holdings in Union Pacific by 1.7% in the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after purchasing an additional 43 shares during the period. Chesapeake Wealth Management lifted its holdings in Union Pacific by 0.5% in the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after purchasing an additional 43 shares during the period. Fortis Capital Advisors LLC lifted its holdings in Union Pacific by 5.0% in the first quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock worth $225,000 after purchasing an additional 44 shares during the period. Finally, Azzad Asset Management Inc. ADV lifted its holdings in Union Pacific by 0.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock worth $1,897,000 after purchasing an additional 44 shares during the period. Institutional investors own 80.38% of the company’s stock.
Analyst Upgrades and Downgrades
UNP has been the subject of several research analyst reports. Stifel Nicolaus reduced their price objective on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a report on Friday, October 25th. Barclays reduced their price objective on shares of Union Pacific from $280.00 to $275.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Wells Fargo & Company reduced their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Friday, October 25th. BMO Capital Markets cut their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Finally, Benchmark reissued a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $259.15.
Union Pacific Price Performance
NYSE UNP opened at $232.69 on Friday. The stock’s 50-day moving average price is $244.66 and its two-hundred day moving average price is $238.33. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The company has a market cap of $141.07 billion, a PE ratio of 21.37, a PEG ratio of 2.29 and a beta of 1.06. Union Pacific Co. has a 1 year low of $207.74 and a 1 year high of $258.66.
Union Pacific (NYSE:UNP – Get Free Report) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. Union Pacific’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.51 EPS. On average, analysts predict that Union Pacific Co. will post 10.97 EPS for the current year.
Union Pacific Company Profile
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.
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