1776 Wealth LLC Lowers Position in Union Pacific Co. (NYSE:UNP)

1776 Wealth LLC decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,547 shares of the railroad operator’s stock after selling 136 shares during the quarter. 1776 Wealth LLC’s holdings in Union Pacific were worth $628,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Banco Santander S.A. purchased a new position in shares of Union Pacific in the 1st quarter valued at about $351,000. M&G Plc acquired a new position in shares of Union Pacific during the 1st quarter worth approximately $10,378,000. First Foundation Advisors lifted its position in shares of Union Pacific by 9.0% during the 1st quarter. First Foundation Advisors now owns 3,236 shares of the railroad operator’s stock valued at $796,000 after buying an additional 266 shares in the last quarter. Nicolet Advisory Services LLC grew its stake in Union Pacific by 18.3% in the 1st quarter. Nicolet Advisory Services LLC now owns 2,490 shares of the railroad operator’s stock valued at $600,000 after acquiring an additional 386 shares during the period. Finally, Patten & Patten Inc. TN increased its holdings in Union Pacific by 1.9% in the 1st quarter. Patten & Patten Inc. TN now owns 6,613 shares of the railroad operator’s stock worth $1,626,000 after acquiring an additional 126 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of NYSE:UNP traded down $0.01 during trading on Friday, reaching $235.57. The company had a trading volume of 2,068,472 shares, compared to its average volume of 2,314,945. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The stock’s fifty day moving average price is $241.86 and its 200 day moving average price is $238.58. Union Pacific Co. has a fifty-two week low of $216.79 and a fifty-two week high of $258.66. The firm has a market capitalization of $142.82 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.51 EPS. As a group, equities research analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Benchmark reissued a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. BMO Capital Markets lowered their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Royal Bank of Canada decreased their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird lowered their price target on Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $259.80.

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.