Allworth Financial LP Acquires 3,288 Shares of Union Pacific Co. (NYSE:UNP)

Allworth Financial LP boosted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,757 shares of the railroad operator’s stock after purchasing an additional 3,288 shares during the quarter. Allworth Financial LP’s holdings in Union Pacific were worth $12,511,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Forum Financial Management LP lifted its stake in shares of Union Pacific by 0.6% in the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock valued at $1,731,000 after purchasing an additional 41 shares during the period. Fairhaven Wealth Management LLC boosted its stake in shares of Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after acquiring an additional 43 shares in the last quarter. Chesapeake Wealth Management grew its position in shares of Union Pacific by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after acquiring an additional 43 shares during the period. Fortis Capital Advisors LLC increased its stake in shares of Union Pacific by 5.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock valued at $225,000 after purchasing an additional 44 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV raised its holdings in Union Pacific by 0.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock worth $1,897,000 after purchasing an additional 44 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on UNP shares. Susquehanna reduced their target price on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday. Sanford C. Bernstein decreased their price objective 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. Evercore ISI downgraded shares of Union Pacific from an “outperform” rating to an “inline” rating and reduced their price target for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. Citigroup began coverage on shares of Union Pacific in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price objective on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $259.15.

Union Pacific Stock Performance

NYSE:UNP opened at $230.30 on Friday. The company’s 50-day moving average is $246.02 and its two-hundred day moving average is $238.48. Union Pacific Co. has a 1-year low of $199.97 and a 1-year high of $258.66. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The firm has a market capitalization of $140.30 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.23 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.01). The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.51 earnings per share. Analysts forecast that Union Pacific Co. will post 11.07 EPS for the current year.

Insider Activity

In related news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

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.