Chesapeake Wealth Management Reduces Stock Position in Union Pacific Co. (NYSE:UNP)

Chesapeake Wealth Management decreased its holdings in Union Pacific Co. (NYSE:UNP) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,119 shares of the railroad operator’s stock after selling 83 shares during the period. Chesapeake Wealth Management’s holdings in Union Pacific were worth $2,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Edgestream Partners L.P. bought a new stake in shares of Union Pacific during the first quarter valued at approximately $217,000. Lake Street Advisors Group LLC increased its holdings in Union Pacific by 49.1% during the 1st quarter. Lake Street Advisors Group LLC now owns 7,754 shares of the railroad operator’s stock worth $1,907,000 after purchasing an additional 2,554 shares during the period. Twin Capital Management Inc. raised its position in Union Pacific by 134.1% during the 1st quarter. Twin Capital Management Inc. now owns 3,263 shares of the railroad operator’s stock valued at $802,000 after purchasing an additional 1,869 shares in the last quarter. Vaughan David Investments LLC IL lifted its holdings in shares of Union Pacific by 8.5% in the 1st quarter. Vaughan David Investments LLC IL now owns 4,839 shares of the railroad operator’s stock worth $1,190,000 after buying an additional 379 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Union Pacific by 886.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 111,287 shares of the railroad operator’s stock worth $27,369,000 after buying an additional 100,000 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

Shares of UNP opened at $234.41 on Tuesday. The firm has a market capitalization of $142.11 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The company’s fifty day moving average price is $241.53 and its 200-day moving average price is $238.60. Union Pacific Co. has a 1-year low of $216.92 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP) last announced 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). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same period in the prior year, the company posted $2.51 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UNP. Royal Bank of Canada decreased their price objective on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. BMO Capital Markets lowered their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Sanford C. Bernstein lowered their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Finally, TD Cowen cut their price target on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $259.80.

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.