Union Pacific Co. (NYSE:UNP) Stake Increased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC raised its stake in shares of Union Pacific Co. (NYSE:UNP) by 17.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,990 shares of the railroad operator’s stock after acquiring an additional 294 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Union Pacific were worth $490,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Richardson Capital Management LLC acquired a new position in Union Pacific in the first quarter worth about $26,000. Cultivar Capital Inc. acquired a new position in shares of Union Pacific in the 2nd quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $28,000. Tributary Capital Management LLC acquired a new stake in shares of Union Pacific during the 1st quarter valued at approximately $30,000. Finally, Financial Gravity Asset Management Inc. lifted its stake in Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UNP. BMO Capital Markets dropped their target price on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. TD Cowen cut their target price on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Citigroup assumed coverage on Union Pacific in a research report on Wednesday, October 9th. They set a “neutral” rating and a $264.00 price target on the stock. Finally, Bank of America reduced their price objective on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.53.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the transaction, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.28% of the stock is owned by company insiders.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $244.10 on Monday. The stock has a market cap of $148.71 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. Union Pacific Co. has a 12 month low of $199.97 and a 12 month high of $258.66. The stock’s 50 day moving average price is $246.41 and its 200 day moving average price is $238.59.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the previous year, the business earned $2.57 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that Union Pacific Co. will post 11.07 earnings per share for the current fiscal 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.