Fortune Financial Advisors LLC Sells 1,989 Shares of Union Pacific Co. (NYSE:UNP)

Fortune Financial Advisors LLC reduced its position in Union Pacific Co. (NYSE:UNP) by 38.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,157 shares of the railroad operator’s stock after selling 1,989 shares during the quarter. Fortune Financial Advisors LLC’s holdings in Union Pacific were worth $778,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Forum Financial Management LP grew its holdings in Union Pacific by 0.6% during the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after acquiring an additional 41 shares during the period. Fairhaven Wealth Management LLC grew its stake in Union Pacific by 1.7% during the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after purchasing an additional 43 shares during the period. Chesapeake Wealth Management grew its stake in Union Pacific by 0.5% during the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after purchasing an additional 43 shares during the period. Fortis Capital Advisors LLC increased its holdings in Union Pacific by 5.0% in the first quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock worth $225,000 after purchasing an additional 44 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its stake in Union Pacific by 0.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock valued at $1,897,000 after buying an additional 44 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

NYSE UNP opened at $230.30 on Friday. The company has a fifty day moving average price of $246.02 and a 200-day moving average price of $238.46. The firm has a market cap of $140.51 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.23 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. Union Pacific Co. has a 1 year low of $199.97 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last issued 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 $2.76 by ($0.01). Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm 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 company posted $2.51 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts predict that Union Pacific Co. will post 11.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Sanford C. Bernstein reduced their price objective on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Robert W. Baird decreased their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday. Wells Fargo & Company dropped their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Friday. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Stifel Nicolaus decreased their target price on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research report on Friday. Nine investment 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 company’s stock. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $259.15.

Insider Activity

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by corporate insiders.

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.