Segment Wealth Management LLC Acquires 816 Shares of Union Pacific Co. (NYSE:UNP)

Segment Wealth Management LLC lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.5% in the third quarter, Holdings Channel.com reports. The fund owned 55,773 shares of the railroad operator’s stock after purchasing an additional 816 shares during the period. Segment Wealth Management LLC’s holdings in Union Pacific were worth $13,747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its position in shares of Union Pacific by 272.3% in the 2nd quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock worth $379,689,000 after purchasing an additional 1,227,318 shares during the period. Capital World Investors lifted its holdings in Union Pacific by 35.3% in the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after buying an additional 1,073,625 shares during the period. Capital Research Global Investors boosted its position in Union Pacific by 7.6% during the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after acquiring an additional 518,985 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Union Pacific by 186.4% during the 2nd quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock worth $159,461,000 after acquiring an additional 458,664 shares during the period. Finally, Manning & Napier Advisors LLC bought a new position in shares of Union Pacific in the 2nd quarter worth approximately $88,516,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UNP shares. Bank of America reduced their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Raymond James upped their target price on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Royal Bank of Canada lifted their price target on shares of Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Barclays dropped their price objective on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research note on Monday, July 29th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.53.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.28% of the stock is owned by insiders.

Union Pacific Trading Up 0.5 %

Shares of NYSE:UNP opened at $241.46 on Wednesday. Union Pacific Co. has a 1 year low of $199.97 and a 1 year high of $258.66. The stock’s fifty day moving average price is $246.56 and its 200-day moving average price is $238.58. The company has a market cap of $147.10 billion, a P/E ratio of 22.67, a PEG ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the prior year, the business earned $2.57 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts expect that Union Pacific Co. will post 11.07 earnings per share for the current year.

About Union Pacific

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.