Private Advisor Group LLC Buys 523 Shares of Union Pacific Co. (NYSE:UNP)

Private Advisor Group LLC grew its stake in Union Pacific Co. (NYSE:UNP) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,709 shares of the railroad operator’s stock after purchasing an additional 523 shares during the quarter. Private Advisor Group LLC’s holdings in Union Pacific were worth $10,034,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. BNP Paribas bought a new stake in shares of Union Pacific in the 1st quarter worth $1,088,000. Envestnet Portfolio Solutions Inc. boosted its holdings in Union Pacific by 19.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock worth $31,078,000 after purchasing an additional 20,173 shares during the last quarter. Shellback Capital LP grew its position in Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after purchasing an additional 4,400 shares in the last quarter. Peoples Bank KS purchased a new stake in Union Pacific in the 3rd quarter valued at about $834,000. Finally, Maj Invest Holding A S lifted its position in shares of Union Pacific by 0.3% during the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after buying an additional 2,202 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on UNP shares. Benchmark reaffirmed a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Monday, July 29th. Bank of America lowered their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Stifel Nicolaus reduced their price target on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Royal Bank of Canada lifted their price objective on shares of Union Pacific from $275.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Evercore ISI downgraded Union Pacific from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.53.

Union Pacific Stock Performance

Union Pacific stock opened at $230.75 on Friday. Union Pacific Co. has a 1-year low of $199.97 and a 1-year high of $258.66. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $140.57 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The firm’s 50 day simple moving average is $246.57 and its 200 day simple moving average is $238.60.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.57 earnings per share. As a group, analysts expect that Union Pacific Co. will post 11.07 earnings per share 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.