Leo Wealth LLC Acquires 152 Shares of Union Pacific Co. (NYSE:UNP)

Leo Wealth LLC raised its holdings in Union Pacific Co. (NYSE:UNP) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,297 shares of the railroad operator’s stock after buying an additional 152 shares during the quarter. Leo Wealth LLC’s holdings in Union Pacific were worth $320,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Eastern Bank raised its holdings in Union Pacific by 266.6% in the 3rd quarter. Eastern Bank now owns 35,395 shares of the railroad operator’s stock worth $8,724,000 after purchasing an additional 25,741 shares in the last quarter. Signaturefd LLC raised its stake in Union Pacific by 4.7% in the third quarter. Signaturefd LLC now owns 13,161 shares of the railroad operator’s stock worth $3,244,000 after buying an additional 585 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Union Pacific by 22.8% in the third quarter. Sequoia Financial Advisors LLC now owns 24,723 shares of the railroad operator’s stock worth $6,094,000 after buying an additional 4,586 shares during the period. Sky Investment Group LLC boosted its position in Union Pacific by 5.4% during the 3rd quarter. Sky Investment Group LLC now owns 5,319 shares of the railroad operator’s stock valued at $1,311,000 after acquiring an additional 274 shares in the last quarter. Finally, Home Federal Bank of Tennessee grew its holdings in shares of Union Pacific by 17.2% during the 3rd quarter. Home Federal Bank of Tennessee now owns 1,195 shares of the railroad operator’s stock worth $295,000 after acquiring an additional 175 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

NYSE UNP opened at $241.46 on Wednesday. The company has a 50-day moving average price of $246.56 and a 200-day moving average price of $238.58. Union Pacific Co. has a 52 week low of $199.97 and a 52 week high of $258.66. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The firm 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 (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. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the firm earned $2.57 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that Union Pacific Co. will post 11.07 earnings per share for the current year.

Insider Activity at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction dated 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 $16,014,787.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UNP. Bank of America dropped their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Raymond James upped their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a report on Monday, October 14th. BMO Capital Markets dropped their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Citigroup initiated coverage on Union Pacific in a report on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.53.

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.