Western Pacific Wealth Management LP Has $190,000 Stock Holdings in Union Pacific Co. (NYSE:UNP)

Western Pacific Wealth Management LP grew its position in Union Pacific Co. (NYSE:UNP) by 126.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 771 shares of the railroad operator’s stock after purchasing an additional 430 shares during the period. Western Pacific Wealth Management LP’s holdings in Union Pacific were worth $190,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UNP. Shellback Capital LP increased its position in Union Pacific by 28.2% during the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after buying an additional 4,400 shares during the last quarter. Peoples Bank KS bought a new position in shares of Union Pacific in the third quarter worth about $834,000. Maj Invest Holding A S lifted its position in shares of Union Pacific by 0.3% during the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after purchasing an additional 2,202 shares during the last quarter. M&G Plc bought a new stake in Union Pacific during the 1st quarter valued at approximately $10,378,000. Finally, Radnor Capital Management LLC bought a new stake in shares of Union Pacific in the third quarter valued at approximately $2,923,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Union Pacific stock opened at $242.56 on Friday. Union Pacific Co. has a 12-month low of $208.14 and a 12-month high of $258.66. The stock has a 50-day simple moving average of $243.88 and a 200 day simple moving average of $238.53. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $147.05 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.46 and a beta of 1.06.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share 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 firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the prior year, the firm posted $2.51 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, research analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UNP shares. Robert W. Baird reduced their target price on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Barclays reduced their price objective on Union Pacific from $280.00 to $275.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Wells Fargo & Company reduced their target price on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Benchmark reiterated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $259.15.

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.