Sunburst Financial Group LLC Lowers Stock Position in Union Pacific Co. (NYSE:UNP)

Sunburst Financial Group LLC trimmed its holdings in shares of Union Pacific Co. (NYSE:UNP) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,969 shares of the railroad operator’s stock after selling 100 shares during the period. Sunburst Financial Group LLC’s holdings in Union Pacific were worth $485,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Forum Financial Management LP grew its position in Union Pacific by 0.6% during the first quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after buying an additional 41 shares during the period. Fairhaven Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 43 shares during the period. Chesapeake Wealth Management grew its holdings in shares of Union Pacific by 0.5% in the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after acquiring an additional 43 shares during the period. Fortis Capital Advisors LLC raised its holdings in Union Pacific by 5.0% during the first quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock worth $225,000 after purchasing an additional 44 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its position in Union Pacific by 0.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock worth $1,897,000 after purchasing an additional 44 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UNP shares. Benchmark restated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Stifel Nicolaus dropped their target price on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a report on Friday, October 25th. Citigroup assumed coverage on shares of Union Pacific in a report on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 price target on the stock. Robert W. Baird lowered their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their price objective on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Nine equities research 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’s stock. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.15.

Union Pacific Trading Up 0.3 %

UNP traded up $0.64 during midday trading on Wednesday, hitting $232.63. The company’s stock had a trading volume of 687,067 shares, compared to its average volume of 2,281,375. The firm has a market cap of $141.03 billion, a P/E ratio of 21.31, a PEG ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a 52-week low of $204.63 and a 52-week 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 firm has a 50-day moving average price of $245.45 and a two-hundred day moving average price of $238.43.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company 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 41.79% and a net margin of 27.33%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company posted $2.51 EPS. On average, research analysts anticipate that Union Pacific Co. will post 11.02 earnings per share for the current year.

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.