Concord Wealth Partners Buys 654 Shares of Union Pacific Co. (NYSE:UNP)

Concord Wealth Partners grew its position in shares of Union Pacific Co. (NYSE:UNP) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,900 shares of the railroad operator’s stock after buying an additional 654 shares during the quarter. Concord Wealth Partners’ holdings in Union Pacific were worth $3,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cultivar Capital Inc. purchased a new position in shares of Union Pacific during the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Union Pacific in the second quarter valued at about $28,000. Tributary Capital Management LLC bought a new position in Union Pacific in the 1st quarter worth approximately $30,000. Financial Gravity Asset Management Inc. grew its stake in Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new position in shares of Union Pacific during the second quarter valued at about $31,000. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UNP shares. Susquehanna reduced their target price on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday. Barclays lowered their target price on shares of Union Pacific from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Friday. Sanford C. Bernstein reduced their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Citigroup initiated coverage on shares of Union Pacific in a research report on Wednesday, October 9th. They set a “neutral” rating and a $264.00 target price on the stock. Finally, Benchmark restated a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.15.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred on 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 $16,014,787.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Union Pacific Price Performance

UNP stock traded up $1.66 during mid-day trading on Monday, reaching $231.96. 459,762 shares of the company’s stock were exchanged, compared to its average volume of 2,272,531. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a 12-month low of $202.41 and a 12-month high of $258.66. The stock’s 50 day moving average is $246.02 and its 200 day moving average is $238.47. The company has a market cap of $140.63 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 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 during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period in the previous year, the firm posted $2.51 EPS. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. On average, research analysts expect that Union Pacific Co. will post 11.02 EPS for the current 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.