Segment Wealth Management LLC Purchases 816 Shares of Union Pacific Co. (NYSE:UNP)

Segment Wealth Management LLC increased its position in Union Pacific Co. (NYSE:UNP) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,773 shares of the railroad operator’s stock after purchasing an additional 816 shares during the period. Segment Wealth Management LLC’s holdings in Union Pacific were worth $13,747,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of UNP. BNP Paribas acquired a new position in shares of Union Pacific during the first quarter valued at about $1,088,000. Envestnet Portfolio Solutions Inc. increased its holdings in Union Pacific by 19.0% during the 1st 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 in the last quarter. Shellback Capital LP raised its stake in shares of Union Pacific by 28.2% in the second 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 during the last quarter. Peoples Bank KS bought a new position in shares of Union Pacific in the third quarter valued at approximately $834,000. Finally, Maj Invest Holding A S boosted its position in shares of Union Pacific by 0.3% during the third quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock valued at $166,645,000 after buying an additional 2,202 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the topic of several recent analyst reports. TD Cowen dropped their price objective on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets decreased their price objective on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Benchmark restated a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research note on Monday, July 29th. Raymond James upped their target price on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Finally, Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and cut their price objective for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $260.53.

Insider Buying and Selling

In other news, President Elizabeth F. Whited sold 3,552 shares of the 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 transaction, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is owned by company insiders.

Union Pacific Stock Performance

Shares of UNP stock opened at $241.46 on Wednesday. The firm’s 50 day moving average is $246.56 and its 200 day moving average is $238.58. The stock has a market capitalization of $147.10 billion, a P/E ratio of 22.67, a PEG ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a 12 month low of $199.97 and a 12 month 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.

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

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.