Heritage Wealth Management Inc. Has $1.74 Million Holdings in Union Pacific Co. (NYSE:UNP)

Heritage Wealth Management Inc. reduced its stake in Union Pacific Co. (NYSE:UNP) by 1.1% in the 3rd quarter, Holdings Channel reports. The firm owned 7,050 shares of the railroad operator’s stock after selling 75 shares during the period. Heritage Wealth Management Inc.’s holdings in Union Pacific were worth $1,738,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Comprehensive Financial Consultants Institutional Inc. lifted its stake in Union Pacific by 2.6% during the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 16,352 shares of the railroad operator’s stock worth $4,030,000 after purchasing an additional 411 shares during the period. AIA Group Ltd lifted its position in Union Pacific by 44.0% during the 3rd quarter. AIA Group Ltd now owns 6,730 shares of the railroad operator’s stock valued at $1,659,000 after purchasing an additional 2,056 shares during the period. First National Bank & Trust Co. of Newtown acquired a new position in Union Pacific in the third quarter valued at about $204,000. Lifestyle Asset Management Inc. acquired a new stake in Union Pacific in the third quarter worth $202,000. Finally, Consolidated Planning Corp lifted its stake in Union Pacific by 3.1% in the third quarter. Consolidated Planning Corp now owns 24,946 shares of the railroad operator’s stock valued at $6,149,000 after buying an additional 750 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Robert W. Baird decreased their price objective on Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Benchmark reiterated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research note on Friday, October 25th. Raymond James boosted their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and cut their price objective for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. Finally, Sanford C. Bernstein reduced their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $259.15.

Union Pacific Trading Up 0.2 %

Shares of NYSE UNP traded up $0.57 during mid-day trading on Friday, hitting $243.13. The stock had a trading volume of 82,327 shares, compared to its average volume of 2,298,297. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The firm has a market cap of $147.40 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 2.46 and a beta of 1.06. Union Pacific Co. has a 1 year low of $208.14 and a 1 year high of $258.66. The business has a 50 day moving average price of $243.88 and a two-hundred day moving average price of $238.53.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.51 EPS. On average, equities analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

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.