Hayek Kallen Investment Management trimmed its position in Union Pacific Co. (NYSE:UNP) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,681 shares of the railroad operator’s stock after selling 485 shares during the quarter. Union Pacific accounts for 2.5% of Hayek Kallen Investment Management’s holdings, making the stock its 11th largest holding. Hayek Kallen Investment Management’s holdings in Union Pacific were worth $3,998,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Fulcrum Capital LLC purchased a new position in shares of Union Pacific during the 3rd quarter worth about $553,000. Krane Funds Advisors LLC bought a new stake in shares of Union Pacific in the second quarter worth about $25,000. Selective Wealth Management Inc. acquired a new position in shares of Union Pacific during the third quarter worth about $25,000. River & Mercantile Asset Management LLP acquired a new position in Union Pacific during the second quarter valued at approximately $29,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Union Pacific in the second quarter valued at approximately $31,000. 79.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Union Pacific stock traded down $0.91 during trading hours on Friday, hitting $176.10. The company’s stock had a trading volume of 1,423,758 shares, compared to its average volume of 3,548,266. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.89 and a quick ratio of 0.72. The company has a market capitalization of $123.41 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. Union Pacific Co. has a 12 month low of $128.08 and a 12 month high of $180.54. The stock has a 50 day moving average of $164.85 and a 200 day moving average of $168.95.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 17th. The railroad operator reported $2.22 EPS for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.07). The company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.65 billion. Union Pacific had a return on equity of 32.65% and a net margin of 27.28%. Union Pacific’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the business earned $2.15 EPS. Equities analysts expect that Union Pacific Co. will post 8.52 EPS for the current year.
Several equities research analysts recently weighed in on the company. Raymond James set a $197.00 price objective on Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. Wells Fargo & Co assumed coverage on Union Pacific in a research note on Monday, October 28th. They issued a “market perform” rating and a $162.00 price objective on the stock. Cowen reissued a “buy” rating and issued a $172.00 target price on shares of Union Pacific in a research note on Thursday, October 17th. Sanford C. Bernstein set a $177.00 price objective on Union Pacific and gave the company a “hold” rating in a research note on Friday, July 19th. Finally, BMO Capital Markets lowered their price objective on shares of Union Pacific from $190.00 to $188.00 and set an “outperform” rating for the company in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $178.67.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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