859 Shares in Union Pacific Co. (NYSE:UNP) Acquired by Meritage Portfolio Management

Meritage Portfolio Management bought a new stake in shares of Union Pacific Co. (NYSE:UNP) in the 3rd quarter, HoldingsChannel reports. The firm bought 859 shares of the railroad operator’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Forum Financial Management LP increased its stake in Union Pacific by 0.6% in the first 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 last quarter. Fairhaven Wealth Management LLC raised its holdings in shares of Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after buying an additional 43 shares in the last quarter. Chesapeake Wealth Management lifted its position in Union Pacific by 0.5% in 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 last quarter. Fortis Capital Advisors LLC boosted its stake in Union Pacific by 5.0% in the first 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 grew its position in Union Pacific by 0.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock valued at $1,897,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $241.95 on Tuesday. The firm’s 50 day moving average price is $243.38 and its 200-day moving average price is $238.67. The stock has a market capitalization of $146.68 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.39 and a beta of 1.06. Union Pacific Co. has a twelve month low of $208.14 and a twelve month high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last released its earnings results 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). The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.51 earnings per share. Equities research analysts expect that Union Pacific Co. will post 10.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UNP. Raymond James lifted their target price on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Susquehanna dropped their price target on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada cut their price objective on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. TD Cowen reduced their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Bank of America reduced their price objective on 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 analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average target price 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.