Prime Capital Investment Advisors LLC Cuts Stock Holdings in Union Pacific Co. (NYSE:UNP)

Prime Capital Investment Advisors LLC cut its stake in Union Pacific Co. (NYSE:UNP) by 13.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,999 shares of the railroad operator’s stock after selling 2,801 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Union Pacific were worth $4,436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Forum Financial Management LP lifted its holdings in Union Pacific by 0.6% in 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 lifted its stake 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 valued at $584,000 after purchasing an additional 43 shares during the period. Chesapeake Wealth Management boosted its position in shares of Union Pacific by 0.5% during the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after purchasing an additional 43 shares in the last quarter. Fortis Capital Advisors LLC grew its stake in Union Pacific by 5.0% in 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 period. Finally, Azzad Asset Management Inc. ADV raised its holdings in Union Pacific by 0.5% in 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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. TD Cowen dropped their price objective 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. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Barclays cut their target price on Union Pacific from $280.00 to $275.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company decreased their price target on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Raymond James increased their price objective on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $259.30.

Union Pacific Stock Performance

NYSE:UNP opened at $238.91 on Wednesday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a 50-day simple moving average of $243.09 and a two-hundred day simple moving average of $238.66. The firm has a market capitalization of $144.84 billion, a PE ratio of 21.94, a P/E/G ratio of 2.39 and a beta of 1.06. Union Pacific Co. has a 52-week low of $208.14 and a 52-week high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter last year, the firm posted $2.51 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. Analysts forecast that Union Pacific Co. will post 10.94 EPS for the current year.

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.