Tandem Capital Management Corp ADV grew its position in Union Pacific Co. (NYSE:UNP – Free Report) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,166 shares of the railroad operator’s stock after purchasing an additional 110 shares during the period. Union Pacific accounts for about 1.4% of Tandem Capital Management Corp ADV’s portfolio, making the stock its 23rd largest holding. Tandem Capital Management Corp ADV’s holdings in Union Pacific were worth $2,500,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in UNP. Sovereign Financial Group Inc. acquired a new position in Union Pacific in the 1st quarter valued at $226,000. Wealthcare Advisory Partners LLC boosted its holdings in shares of Union Pacific by 55.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,366 shares of the railroad operator’s stock valued at $828,000 after purchasing an additional 1,197 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Union Pacific by 2.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 115,384 shares of the railroad operator’s stock worth $28,376,000 after buying an additional 2,929 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of Union Pacific by 26.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,651 shares of the railroad operator’s stock worth $898,000 after buying an additional 763 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its stake in Union Pacific by 0.4% in the first quarter. Artemis Investment Management LLP now owns 45,852 shares of the railroad operator’s stock valued at $11,270,000 after buying an additional 176 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.
Insider Transactions at Union Pacific
In related news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.28% of the company’s stock.
Union Pacific Stock Performance
Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.76 by ($0.01). The company 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 26.90% and a return on equity of 42.62%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.51 earnings per share. On average, equities analysts expect that Union Pacific Co. will post 11.07 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on UNP. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Bank of America cut their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Sanford C. Bernstein decreased their price target on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Barclays cut their price target on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Finally, Citigroup began coverage on Union Pacific in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 price target for the company. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $259.75.
Check Out Our Latest Analysis on UNP
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.
Read More
- Five stocks we like better than Union Pacific
- What is a Death Cross in Stocks?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- What Are Growth Stocks and Investing in Them
- The Downtrend in UPS Stock Isn’t Over Yet
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP – Free Report).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.