Consolidated Planning Corp Buys 750 Shares of Union Pacific Co. (NYSE:UNP)

Consolidated Planning Corp lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.1% in the third quarter, HoldingsChannel.com reports. The fund owned 24,946 shares of the railroad operator’s stock after acquiring an additional 750 shares during the quarter. Consolidated Planning Corp’s holdings in Union Pacific were worth $6,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. Western Pacific Wealth Management LP increased its position in shares of Union Pacific by 126.1% during the 3rd quarter. Western Pacific Wealth Management LP now owns 771 shares of the railroad operator’s stock valued at $190,000 after purchasing an additional 430 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in Union Pacific by 0.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 29,158 shares of the railroad operator’s stock worth $7,187,000 after buying an additional 73 shares in the last quarter. Washington Trust Bank grew its position in Union Pacific by 2.8% during the third quarter. Washington Trust Bank now owns 4,348 shares of the railroad operator’s stock valued at $1,072,000 after acquiring an additional 118 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Union Pacific by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 927,992 shares of the railroad operator’s stock worth $228,732,000 after acquiring an additional 39,014 shares during the last quarter. Finally, Montecito Bank & Trust boosted its stake in shares of Union Pacific by 15.8% in the 3rd quarter. Montecito Bank & Trust now owns 13,773 shares of the railroad operator’s stock valued at $3,395,000 after purchasing an additional 1,879 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNP has been the topic of a number of analyst reports. Sanford C. Bernstein decreased their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus decreased their target price on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Susquehanna cut their price target 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. Wells Fargo & Company lowered their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Royal Bank of Canada cut their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $259.15.

Union Pacific Trading Down 2.4 %

NYSE UNP opened at $242.56 on Friday. The stock’s fifty day moving average price is $243.88 and its 200-day moving average price is $238.53. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The stock has a market cap of $147.05 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.46 and a beta of 1.06. Union Pacific Co. has a 12 month low of $208.14 and a 12 month high of $258.66.

Union Pacific (NYSE:UNP) last released 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). The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.51 earnings per share. As a group, equities analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal 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.