Black Diamond Financial LLC Decreases Stock Holdings in Union Pacific Co. (NYSE:UNP)

Black Diamond Financial LLC trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,467 shares of the railroad operator’s stock after selling 52 shares during the quarter. Black Diamond Financial LLC’s holdings in Union Pacific were worth $362,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Fairhaven Wealth Management LLC lifted its stake in Union Pacific by 1.7% in the 2nd 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 in the last quarter. Chesapeake Wealth Management increased its holdings in shares of Union Pacific by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after buying an additional 43 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of Union Pacific by 0.5% during 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. Beaumont Financial Advisors LLC increased its holdings in shares of Union Pacific by 1.0% during the 1st quarter. Beaumont Financial Advisors LLC now owns 4,595 shares of the railroad operator’s stock worth $1,130,000 after buying an additional 45 shares during the last quarter. Finally, Montecito Bank & Trust increased its holdings in shares of Union Pacific by 0.4% during the 2nd quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator’s stock worth $2,691,000 after buying an additional 45 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UNP. Robert W. Baird cut their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Benchmark restated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a report on Friday, October 25th. Barclays raised their price target on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank of Canada cut their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Nine research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Price Performance

Union Pacific stock opened at $235.58 on Friday. The stock has a market cap of $142.82 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. The company has a fifty day simple moving average of $242.46 and a 200-day simple moving average of $238.64. Union Pacific Co. has a 12-month low of $215.81 and a 12-month high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last released 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). The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $2.51 earnings per share. Equities analysts expect 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.