Oak Harbor Wealth Partners LLC Purchases 302 Shares of Union Pacific Co. (NYSE:UNP)

Oak Harbor Wealth Partners LLC raised its position in shares of Union Pacific Co. (NYSE:UNP) by 3.5% in the third quarter, HoldingsChannel reports. The fund owned 8,981 shares of the railroad operator’s stock after acquiring an additional 302 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in Union Pacific were worth $2,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fairhaven Wealth Management LLC raised its holdings in Union Pacific by 1.7% during the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after purchasing an additional 43 shares in the last quarter. Chesapeake Wealth Management raised its stake in shares of Union Pacific by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after buying an additional 43 shares during the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of Union Pacific by 0.5% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock worth $1,897,000 after buying an additional 44 shares during the last quarter. Beaumont Financial Advisors LLC grew its holdings in Union Pacific by 1.0% in the 1st quarter. Beaumont Financial Advisors LLC now owns 4,595 shares of the railroad operator’s stock valued at $1,130,000 after buying an additional 45 shares during the period. Finally, Montecito Bank & Trust grew its holdings in Union Pacific by 0.4% in the 2nd quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator’s stock valued at $2,691,000 after buying an additional 45 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on UNP. Robert W. Baird decreased their price target on Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Benchmark reissued a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Susquehanna lowered their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company lowered their price target on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, TD Cowen lowered their price target on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a report on Friday, October 25th. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Stock Down 2.0 %

UNP opened at $235.58 on Friday. The stock has a market cap of $142.82 billion, a PE ratio of 21.63, a P/E/G ratio of 2.38 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 52 week low of $215.81 and a 52 week high of $258.66. The business’s fifty day simple moving average is $242.46 and its 200 day simple moving average is $238.64.

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