Tower View Wealth Management LLC Decreases Stake in Union Pacific Co. (NYSE:UNP)

Tower View Wealth Management LLC trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,501 shares of the railroad operator’s stock after selling 243 shares during the period. Union Pacific comprises about 2.6% of Tower View Wealth Management LLC’s portfolio, making the stock its 13th biggest position. Tower View Wealth Management LLC’s holdings in Union Pacific were worth $4,807,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Union Pacific in the 2nd quarter valued at about $28,000. Cultivar Capital Inc. acquired a new position in Union Pacific in the second quarter valued at approximately $27,000. Tributary Capital Management LLC purchased a new stake in shares of Union Pacific during the 1st quarter worth approximately $30,000. Jamison Private Wealth Management Inc. lifted its position in shares of Union Pacific by 265.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after buying an additional 93 shares during the last quarter. Finally, Fairscale Capital LLC acquired a new position in shares of Union Pacific in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.

Union Pacific Trading Up 0.7 %

Union Pacific stock opened at $231.88 on Monday. The stock has a market cap of $140.58 billion, a PE ratio of 21.15, a P/E/G ratio of 2.26 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The stock has a 50-day moving average price of $246.02 and a 200 day moving average price of $238.47. Union Pacific Co. has a 52 week low of $202.41 and a 52 week high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data 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). The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.51 EPS. Equities research analysts predict that Union Pacific Co. will post 11.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UNP shares. Royal Bank of Canada cut their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research note on Friday. Raymond James upped their target price on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research report on Monday, October 14th. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Susquehanna lowered their target price on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target 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.