Keudell Morrison Wealth Management Reduces Holdings in Union Pacific Co. (NYSE:UNP)

Keudell Morrison Wealth Management lowered its position in Union Pacific Co. (NYSE:UNP) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,871 shares of the railroad operator’s stock after selling 47 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Union Pacific were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. Envestnet Portfolio Solutions Inc. raised its position in shares of Union Pacific by 19.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock valued at $31,078,000 after purchasing an additional 20,173 shares during the period. Shellback Capital LP grew its stake in Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after buying an additional 4,400 shares in the last quarter. Peoples Bank KS bought a new stake in Union Pacific during the 3rd quarter valued at $834,000. Maj Invest Holding A S lifted its position in shares of Union Pacific by 0.3% during the third quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after acquiring an additional 2,202 shares in the last quarter. Finally, M&G Plc purchased a new position in shares of Union Pacific in the first quarter valued at $10,378,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Down 0.9 %

Shares of UNP stock traded down $2.28 during trading hours on Thursday, hitting $246.21. 250,746 shares of the company’s stock traded hands, compared to its average volume of 2,296,193. Union Pacific Co. has a 12-month low of $208.14 and a 12-month high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The stock’s fifty day simple moving average is $243.88 and its two-hundred day simple moving average is $238.53. The stock has a market cap of $149.27 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 2.27 and a beta of 1.06.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate 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 was up 2.5% on a year-over-year basis. During the same period last year, the business earned $2.51 EPS. On average, analysts expect that Union Pacific Co. will post 10.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UNP. Robert W. Baird dropped their price objective on Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Susquehanna cut their price objective on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Sanford C. Bernstein decreased their target price on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Bank of America cut their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Royal Bank of Canada reduced their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $259.15.

Union Pacific 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.