Carlton Hofferkamp & Jenks Wealth Management LLC Sells 70 Shares of Union Pacific Co. (NYSE:UNP)

Carlton Hofferkamp & Jenks Wealth Management LLC cut its stake in Union Pacific Co. (NYSE:UNP) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,738 shares of the railroad operator’s stock after selling 70 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Union Pacific were worth $1,319,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. increased its position in Union Pacific by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after acquiring an additional 106,996 shares during the period. Capital Research Global Investors increased its holdings in shares of Union Pacific by 7.6% during the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after purchasing an additional 518,985 shares during the period. Legal & General Group Plc raised its position in shares of Union Pacific by 2.1% in the second quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after buying an additional 124,571 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Union Pacific by 5.7% in the first quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after buying an additional 237,083 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in Union Pacific by 8.3% during the second quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock worth $954,530,000 after buying an additional 322,129 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP stock opened at $238.91 on Wednesday. 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 firm has a fifty day simple moving average of $242.77 and a two-hundred day simple moving average of $238.63. Union Pacific Co. has a 12 month low of $208.14 and a 12 month high of $258.66. The firm has a market capitalization of $144.84 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.39 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 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 the consensus estimate of $6.14 billion. During the same period in the previous year, the firm earned $2.51 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. Analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UNP shares. Barclays reduced their target price on Union Pacific from $280.00 to $275.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Robert W. Baird decreased their target price on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company cut their price target on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Susquehanna decreased their price objective on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and cut their target price for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.30.

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.