Watch Point Trust Co decreased its stake in Union Pacific Co. (NYSE:UNP) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,287 shares of the railroad operator’s stock after selling 210 shares during the period. Watch Point Trust Co’s holdings in Union Pacific were worth $370,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new stake in Union Pacific during the 2nd quarter valued at about $25,000. Selective Wealth Management Inc. bought a new stake in Union Pacific during the 3rd quarter worth approximately $25,000. Candriam Luxembourg S.C.A. raised its stake in Union Pacific by 10.1% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 163,196 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 14,927 shares during the period. River & Mercantile Asset Management LLP bought a new stake in Union Pacific during the 2nd quarter worth approximately $29,000. Finally, Mackey Komara & Dankovich LLC raised its stake in Union Pacific by 549.7% during the 2nd quarter. Mackey Komara & Dankovich LLC now owns 1,124 shares of the railroad operator’s stock worth $30,000 after acquiring an additional 951 shares during the period. 79.29% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the stock. Deutsche Bank raised their target price on shares of Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Sanford C. Bernstein set a $177.00 price objective on shares of Union Pacific and gave the company a “hold” rating in a report on Friday, July 19th. Cowen reaffirmed a “buy” rating and set a $172.00 price objective on shares of Union Pacific in a report on Thursday, October 17th. Zacks Investment Research raised shares of Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price objective for the company in a report on Monday, July 22nd. Finally, BMO Capital Markets cut their price objective on shares of Union Pacific from $190.00 to $188.00 and set an “outperform” rating for the company in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. Union Pacific presently has an average rating of “Buy” and a consensus target price of $178.67.
Shares of UNP stock traded down $0.91 on Friday, reaching $176.10. The company’s stock had a trading volume of 1,423,758 shares, compared to its average volume of 3,548,266. The stock’s fifty day simple moving average is $164.85 and its 200-day simple moving average is $168.95. Union Pacific Co. has a 1 year low of $128.08 and a 1 year high of $180.54. The company has a current ratio of 0.89, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $123.41 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06.
Union Pacific (NYSE:UNP) last posted 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). The business had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Union Pacific had a net margin of 27.28% and a return on equity of 32.65%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the business posted $2.15 earnings per share. Equities research analysts forecast that Union Pacific Co. will post 8.52 earnings per share for the current year.
Union Pacific Profile
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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