Optimum Investment Advisors Lowers Position in Union Pacific Co. (NYSE:UNP)

Optimum Investment Advisors reduced its stake in Union Pacific Co. (NYSE:UNP) by 10.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,072 shares of the railroad operator’s stock after selling 500 shares during the quarter. Optimum Investment Advisors’ holdings in Union Pacific were worth $1,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Global Retirement Partners LLC raised its position in Union Pacific by 1.6% in the 3rd quarter. Global Retirement Partners LLC now owns 22,646 shares of the railroad operator’s stock valued at $5,582,000 after buying an additional 367 shares during the last quarter. Good Life Advisors LLC raised its position in Union Pacific by 15.9% in the 3rd quarter. Good Life Advisors LLC now owns 4,093 shares of the railroad operator’s stock valued at $1,009,000 after buying an additional 562 shares during the last quarter. Probity Advisors Inc. raised its position in Union Pacific by 2.5% in the 3rd quarter. Probity Advisors Inc. now owns 2,602 shares of the railroad operator’s stock valued at $641,000 after buying an additional 63 shares during the last quarter. AAFMAA Wealth Management & Trust LLC raised its position in Union Pacific by 0.8% in the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 9,676 shares of the railroad operator’s stock valued at $2,385,000 after buying an additional 79 shares during the last quarter. Finally, Wolff Wiese Magana LLC raised its position in Union Pacific by 2.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 6,916 shares of the railroad operator’s stock valued at $1,705,000 after buying an additional 142 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Citigroup started coverage on Union Pacific in a research report on Wednesday, October 9th. They set a “neutral” rating and a $264.00 target price for the company. Bank of America decreased their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Susquehanna raised their target price on Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein decreased their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.25.

Union Pacific Stock Down 2.6 %

Shares of NYSE UNP opened at $241.71 on Friday. Union Pacific Co. has a 52 week low of $199.97 and a 52 week high of $258.66. The business has a 50-day simple moving average of $246.28 and a two-hundred day simple moving average of $238.63. 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 company has a market cap of $147.25 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.27 and a beta of 1.05.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter last year, the company earned $2.57 EPS. The firm’s revenue was up .7% compared to the same quarter last year. Research 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 firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares in the company, valued at $16,014,787.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by corporate insiders.

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.