OneAscent Financial Services LLC Invests $304,000 in Union Pacific Co. (NYSE:UNP)

OneAscent Financial Services LLC acquired a new stake in Union Pacific Co. (NYSE:UNP) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,232 shares of the railroad operator’s stock, valued at approximately $304,000.

Several other institutional investors have also added to or reduced their stakes in the business. Fairhaven Wealth Management LLC raised its position 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 during the period. Chesapeake Wealth Management raised its holdings in Union Pacific by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after acquiring an additional 43 shares during the period. Azzad Asset Management Inc. ADV lifted its position in shares of 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 worth $1,897,000 after acquiring an additional 44 shares in the last quarter. Montecito Bank & Trust boosted its holdings in shares of Union Pacific by 0.4% in the second quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator’s stock worth $2,691,000 after acquiring an additional 45 shares during the period. Finally, Traveka Wealth LLC grew its position in shares of Union Pacific by 3.4% in the third quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock valued at $335,000 after purchasing an additional 45 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Down 0.5 %

Shares of NYSE:UNP opened at $233.29 on Wednesday. Union Pacific Co. has a 12-month low of $216.92 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. The stock’s 50-day moving average price is $241.14 and its 200-day moving average price is $238.55. The stock has a market capitalization of $141.43 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06.

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 the consensus estimate of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the previous year, the business earned $2.51 earnings per share. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on UNP shares. Citigroup boosted their price target 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. Wells Fargo & Company reduced their target price on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Bank of America lowered their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Barclays boosted their price objective on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $259.80.

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.