Townsend & Associates Inc Reduces Position in Union Pacific Co. (NYSE:UNP)

Townsend & Associates Inc reduced its stake in Union Pacific Co. (NYSE:UNP) by 12.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,207 shares of the railroad operator’s stock after selling 313 shares during the period. Townsend & Associates Inc’s holdings in Union Pacific were worth $533,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Forum Financial Management LP boosted its holdings in Union Pacific by 0.6% during the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock valued at $1,731,000 after acquiring an additional 41 shares during the period. Fairhaven Wealth Management LLC grew its holdings in shares of Union Pacific by 1.7% in the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after purchasing an additional 43 shares in the last quarter. Chesapeake Wealth Management increased its stake in Union Pacific by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after buying an additional 43 shares during the period. Fortis Capital Advisors LLC lifted its holdings in Union Pacific by 5.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock worth $225,000 after buying an additional 44 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its position in Union Pacific by 0.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock valued at $1,897,000 after buying an additional 44 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Down 0.4 %

UNP opened at $241.49 on Friday. Union Pacific Co. has a one year low of $208.14 and a one year high of $258.66. 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 business’s fifty day moving average is $243.38 and its two-hundred day moving average is $238.61. The company has a market cap of $146.41 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.46 and a beta of 1.06.

Union Pacific (NYSE:UNP) last announced its 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). The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.51 EPS. Analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Bank of America lowered their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein cut their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Citigroup began coverage on Union Pacific in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 target price for the company. Finally, Raymond James boosted their price objective on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.15.

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.