Spinnaker Trust Increases Stock Holdings in Union Pacific Co. (NYSE:UNP)

Spinnaker Trust grew its stake in Union Pacific Co. (NYSE:UNP) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,276 shares of the railroad operator’s stock after purchasing an additional 371 shares during the quarter. Spinnaker Trust’s holdings in Union Pacific were worth $1,793,000 at the end of the most recent quarter.

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

Union Pacific Price Performance

Shares of UNP stock traded up $9.80 during trading hours on Wednesday, hitting $243.67. The stock had a trading volume of 1,511,557 shares, compared to its average volume of 2,287,436. The stock’s 50-day moving average price is $243.96 and its two-hundred day moving average price is $238.46. Union Pacific Co. has a one year low of $208.14 and a one year high of $258.66. The stock has a market capitalization of $147.73 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.27 and a beta of 1.06. 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 (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 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 firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same period last year, the company earned $2.51 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that Union Pacific Co. will post 10.94 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UNP shares. Bank of America reduced their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Benchmark reissued a “buy” rating and set a $266.00 price target on shares of Union Pacific in a report on Friday, October 25th. Royal Bank of Canada reduced their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Susquehanna dropped their price objective on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $259.15.

Union Pacific Company 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.