Union Pacific Co. (NYSE:UNP) Shares Purchased by Covenant Partners LLC

Covenant Partners LLC increased its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,367 shares of the railroad operator’s stock after acquiring an additional 102 shares during the quarter. Covenant Partners LLC’s holdings in Union Pacific were worth $1,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Richardson Capital Management LLC acquired a new stake in shares of Union Pacific in the 1st quarter valued at about $26,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Union Pacific during the second quarter worth approximately $28,000. Cultivar Capital Inc. acquired a new position in shares of Union Pacific in the 2nd quarter valued at $27,000. Tributary Capital Management LLC purchased a new stake in Union Pacific in the 1st quarter valued at $30,000. Finally, Jamison Private Wealth Management Inc. boosted its stake in Union Pacific by 265.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after purchasing an additional 93 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNP has been the topic of a number of research reports. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Robert W. Baird dropped their target price on Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday. Susquehanna cut their price target on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday. Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, TD Cowen cut their price objective on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research report on Friday. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $259.15.

Union Pacific Trading Down 0.2 %

Shares of NYSE:UNP traded down $0.45 during trading on Friday, reaching $230.30. The stock had a trading volume of 2,952,224 shares, compared to its average volume of 2,281,261. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The stock has a market cap of $140.30 billion, a P/E ratio of 21.62, a PEG ratio of 2.23 and a beta of 1.05. The business has a fifty day moving average price of $246.02 and a 200-day moving average price of $238.48. Union Pacific Co. has a fifty-two week low of $199.97 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP) last posted 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 $2.76 by ($0.01). The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.51 EPS. As a group, analysts anticipate that Union Pacific Co. will post 11.07 earnings per share for the current fiscal year.

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 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 owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is owned by corporate insiders.

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.