Deseret Mutual Benefit Administrators Trims Holdings in Union Pacific Co. (NYSE:UNP)

Deseret Mutual Benefit Administrators decreased its stake in shares of Union Pacific Co. (NYSE:UNP) by 6.9% during the third quarter, HoldingsChannel.com reports. The firm owned 4,220 shares of the railroad operator’s stock after selling 313 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Union Pacific were worth $1,040,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in UNP. Cultivar Capital Inc. bought a new position in shares of Union Pacific in the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Union Pacific during the 2nd quarter valued at $28,000. Financial Gravity Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 130 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Union Pacific in the third quarter worth $30,000. Finally, Fairscale Capital LLC bought a new stake in Union Pacific during the second quarter valued at $31,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

NYSE:UNP opened at $248.49 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. Union Pacific Co. has a fifty-two week low of $208.14 and a fifty-two week high of $258.66. The firm has a market cap of $150.65 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06. The business has a 50 day moving average price of $243.88 and a 200-day moving average price of $238.53.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on UNP shares. BMO Capital Markets decreased their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. TD Cowen lowered their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Benchmark reiterated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Friday, October 25th. Wells Fargo & Company decreased 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. Finally, Sanford C. Bernstein dropped their price objective on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $259.15.

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.