Carlton Hofferkamp & Jenks Wealth Management LLC Lowers Stock Holdings in Union Pacific Corporation $UNP

Carlton Hofferkamp & Jenks Wealth Management LLC reduced its stake in Union Pacific Corporation (NYSE:UNP) by 2.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,482 shares of the railroad operator’s stock after selling 142 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Union Pacific were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of UNP. CBIZ Investment Advisory Services LLC grew its stake in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new position in shares of Union Pacific in the 1st quarter valued at approximately $32,000. WPG Advisers LLC acquired a new stake in shares of Union Pacific in the 1st quarter valued at approximately $33,000. Cornerstone Planning Group LLC lifted its holdings in shares of Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after buying an additional 56 shares during the period. Finally, GFG Capital LLC acquired a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $38,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on UNP shares. Robert W. Baird started coverage on Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target for the company. Baird R W raised Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Royal Bank Of Canada raised their price target on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the company a “neutral” rating in a report on Thursday. Finally, Cowen reaffirmed a “buy” rating on shares of Union Pacific in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Stock Performance

Union Pacific stock opened at $216.56 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.53 and a current ratio of 0.75. The stock has a fifty day moving average of $224.95 and a two-hundred day moving average of $224.28. The company has a market capitalization of $128.44 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.29 and a beta of 1.07. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating the consensus estimate of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.75 earnings per share. On average, analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

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.