King Luther Capital Management Corp Sells 7,390 Shares of Union Pacific Co. (NYSE:UNP)

King Luther Capital Management Corp trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 0.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,130,067 shares of the railroad operator’s stock after selling 7,390 shares during the period. Union Pacific comprises 1.2% of King Luther Capital Management Corp’s investment portfolio, making the stock its 20th biggest position. King Luther Capital Management Corp’s holdings in Union Pacific were worth $278,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Edgestream Partners L.P. purchased a new stake in Union Pacific in the 1st quarter worth $217,000. EntryPoint Capital LLC purchased a new stake in Union Pacific during the first quarter valued at $97,000. Axxcess Wealth Management LLC increased its stake in Union Pacific by 4.5% during the first quarter. Axxcess Wealth Management LLC now owns 16,816 shares of the railroad operator’s stock worth $4,135,000 after acquiring an additional 718 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Union Pacific by 19.4% during the first quarter. Advisors Asset Management Inc. now owns 36,842 shares of the railroad operator’s stock valued at $9,061,000 after buying an additional 5,981 shares during the last quarter. Finally, Capital Group Private Client Services Inc. raised its stake in shares of Union Pacific by 7.2% during the first quarter. Capital Group Private Client Services Inc. now owns 45,423 shares of the railroad operator’s stock valued at $11,171,000 after acquiring an additional 3,047 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.1 %

UNP opened at $233.56 on Thursday. The firm has a market cap of $141.60 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.31 and a beta of 1.06. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. 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 firm’s 50-day simple moving average is $240.86 and its 200-day simple moving average is $238.51.

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 return on equity of 41.79% and a net margin of 27.33%. The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter last year, the firm earned $2.51 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UNP. Benchmark reiterated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a report on Friday, October 25th. Raymond James lifted their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Wells Fargo & Company decreased their price target on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

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.