First Horizon Advisors Inc. Grows Holdings in Union Pacific Co. (NYSE:UNP)

First Horizon Advisors Inc. grew its stake in shares of Union Pacific Co. (NYSE:UNP) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,741 shares of the railroad operator’s stock after buying an additional 3,509 shares during the quarter. First Horizon Advisors Inc.’s holdings in Union Pacific were worth $19,655,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Cultivar Capital Inc. bought a new stake in Union Pacific during the second quarter worth about $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Union Pacific in the 2nd quarter worth approximately $28,000. Financial Gravity Asset Management Inc. boosted its stake in Union Pacific by 3,250.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after buying an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Union Pacific during the third quarter valued at approximately $30,000. Finally, Fairscale Capital LLC purchased a new position in shares of Union Pacific during the second quarter worth approximately $31,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Down 0.5 %

Union Pacific stock opened at $233.29 on Wednesday. Union Pacific Co. has a 12 month low of $216.92 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. The business’s fifty day simple moving average is $241.14 and its two-hundred day simple moving average is $238.55. The company has a market capitalization of $141.43 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its earnings results 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). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period last year, the firm posted $2.51 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UNP shares. Sanford C. Bernstein reduced their target price on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Raymond James upped their price target on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Wells Fargo & Company cut their price target on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus lowered their price objective on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, TD Cowen cut their target price on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

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.