Icon Wealth Advisors LLC Decreases Stock Position in Union Pacific Co. (NYSE:UNP)

Icon Wealth Advisors LLC decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,938 shares of the railroad operator’s stock after selling 305 shares during the period. Icon Wealth Advisors LLC’s holdings in Union Pacific were worth $1,710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in UNP. Fairhaven Wealth Management LLC lifted its position in shares of 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 last quarter. Chesapeake Wealth Management boosted its position in Union Pacific by 0.5% in the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after buying an additional 43 shares during the period. Azzad Asset Management Inc. ADV increased its position in shares of Union Pacific by 0.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock worth $1,897,000 after acquiring an additional 44 shares during the period. Montecito Bank & Trust increased its position in shares of Union Pacific by 0.4% during the second quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator’s stock worth $2,691,000 after acquiring an additional 45 shares during the period. Finally, Traveka Wealth LLC grew its stake in Union Pacific by 3.4% in the third quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock worth $335,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 1.4 %

UNP stock opened at $242.39 on Friday. The stock has a market capitalization of $146.95 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The firm has a 50 day moving average of $240.53 and a 200 day moving average of $238.54.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same period last year, the firm earned $2.51 earnings per share. Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts forecast that Union Pacific Co. will post 10.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UNP has been the topic of several research reports. Barclays raised their price target on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Bank of America cut their price objective on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. BMO Capital Markets lowered their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Benchmark reaffirmed a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Friday, October 25th. Finally, Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.80.

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.