Altus Wealth Group LLC Raises Position in Union Pacific Co. (NYSE:UNP)

Altus Wealth Group LLC grew its position in Union Pacific Co. (NYSE:UNP) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,841 shares of the railroad operator’s stock after acquiring an additional 599 shares during the period. Union Pacific comprises 1.4% of Altus Wealth Group LLC’s portfolio, making the stock its 17th largest holding. Altus Wealth Group LLC’s holdings in Union Pacific were worth $3,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Syntegra Private Wealth Group LLC boosted its holdings in Union Pacific by 2.5% during the third quarter. Syntegra Private Wealth Group LLC now owns 2,789 shares of the railroad operator’s stock worth $687,000 after buying an additional 69 shares in the last quarter. Greenleaf Trust boosted its holdings in Union Pacific by 1.8% during the third quarter. Greenleaf Trust now owns 19,774 shares of the railroad operator’s stock worth $4,874,000 after buying an additional 342 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Union Pacific by 36.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 17,767 shares of the railroad operator’s stock worth $4,380,000 after buying an additional 4,765 shares in the last quarter. Meadow Creek Wealth Advisors LLC boosted its holdings in Union Pacific by 7.3% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 3,425 shares of the railroad operator’s stock worth $844,000 after buying an additional 234 shares in the last quarter. Finally, Chris Bulman Inc boosted its holdings in Union Pacific by 2.6% during the third quarter. Chris Bulman Inc now owns 2,269 shares of the railroad operator’s stock worth $559,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insiders Place Their Bets

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on UNP. BMO Capital Markets lowered their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Raymond James increased their price target on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research report on Monday, October 14th. Sanford C. Bernstein lowered their price target on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. TD Cowen lowered their price target on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Finally, Benchmark reiterated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research report on Monday, July 29th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $260.53.

Union Pacific Stock Performance

NYSE:UNP traded down $0.30 during mid-day trading on Wednesday, hitting $241.15. The stock had a trading volume of 267,190 shares, compared to its average volume of 2,254,656. The stock has a market capitalization of $146.91 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 2.26 and a beta of 1.05. The company has a 50 day simple moving average of $246.56 and a 200-day simple moving average 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 current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating 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 firm 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 posted $2.57 EPS. Union Pacific’s quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts expect that Union Pacific Co. will post 11.07 earnings per share for the current fiscal year.

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.