Linscomb Wealth Inc. Has $4.05 Million Holdings in Union Pacific Corporation $UNP

Linscomb Wealth Inc. grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 5.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 17,602 shares of the railroad operator’s stock after purchasing an additional 935 shares during the quarter. Linscomb Wealth Inc.’s holdings in Union Pacific were worth $4,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of UNP. CBIZ Investment Advisory Services LLC lifted its position in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific during the first quarter worth approximately $32,000. WPG Advisers LLC bought a new position in shares of Union Pacific during the first quarter worth approximately $33,000. Cornerstone Planning Group LLC increased its holdings in shares of Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after purchasing an additional 56 shares during the period. Finally, GFG Capital LLC bought a new position in shares of Union Pacific during the second quarter worth approximately $38,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent research reports. Susquehanna reaffirmed a “positive” rating and set a $272.00 target price (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Evercore ISI lowered their target price on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $218.89 on Friday. The company’s 50 day simple moving average is $224.50 and its 200 day simple moving average is $224.30. The stock has a market capitalization of $129.84 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $2.75 earnings per share. As a group, research analysts predict that Union Pacific Corporation will post 11.99 EPS 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.