Concord Asset Management LLC VA Increases Holdings in Union Pacific Co. (NYSE:UNP)

Concord Asset Management LLC VA boosted its stake in shares of Union Pacific Co. (NYSE:UNP) by 11.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,212 shares of the railroad operator’s stock after buying an additional 1,353 shares during the period. Concord Asset Management LLC VA’s holdings in Union Pacific were worth $3,257,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Peterson Financial Group Inc. purchased a new stake in shares of Union Pacific in the third quarter valued at about $32,000. Tower Bridge Advisors boosted its holdings in Union Pacific by 5.3% in the 3rd quarter. Tower Bridge Advisors now owns 21,189 shares of the railroad operator’s stock valued at $5,223,000 after purchasing an additional 1,075 shares during the last quarter. Adero Partners LLC purchased a new stake in shares of Union Pacific in the 3rd quarter valued at approximately $233,000. Atlanta Consulting Group Advisors LLC increased its holdings in shares of Union Pacific by 16.3% during the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 6,867 shares of the railroad operator’s stock worth $1,693,000 after buying an additional 963 shares during the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in shares of Union Pacific during the 3rd quarter valued at approximately $55,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Down 0.0 %

Shares of NYSE UNP opened at $235.57 on Friday. The stock has a market cap of $142.82 billion, a P/E ratio of 21.63, a PEG ratio of 2.33 and a beta of 1.06. The business’s fifty day simple moving average is $241.86 and its 200-day simple moving average is $238.59. Union Pacific Co. has a 12-month low of $216.79 and a 12-month high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79.

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

Wall Street Analysts Forecast Growth

UNP has been the subject of several analyst reports. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Robert W. Baird lowered their price target on Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. 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 report on Friday, October 25th. Citigroup upped their target price on shares of Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Finally, Bank of America dropped their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

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.