Camden National Bank Has $403,000 Position in Union Pacific Co. (NYSE:UNP)

Camden National Bank decreased its holdings in Union Pacific Co. (NYSE:UNP) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,634 shares of the railroad operator’s stock after selling 63 shares during the quarter. Camden National Bank’s holdings in Union Pacific were worth $403,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cultivar Capital Inc. bought a new position in Union Pacific during the second quarter worth about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Union Pacific in the 2nd quarter worth approximately $28,000. Financial Gravity Asset Management Inc. lifted its position in shares of Union Pacific by 3,250.0% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after buying an additional 130 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Union Pacific in the 3rd quarter valued at $30,000. Finally, Fairscale Capital LLC bought a new stake in Union Pacific in the second quarter valued at $31,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Performance

Union Pacific stock opened at $242.39 on Friday. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. The company’s 50-day moving average is $240.53 and its two-hundred day moving average is $238.54. 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 company has a market cap of $146.95 billion, a PE ratio of 22.26, a PEG ratio of 2.37 and a beta of 1.06.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data 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 business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the previous year, the business posted $2.51 earnings per share. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UNP shares. Robert W. Baird reduced their target price on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company reduced their price target on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada dropped their price objective on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Evercore ISI lowered Union Pacific from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. Finally, Sanford C. Bernstein dropped their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.