Thoroughbred Financial Services LLC Acquires 102 Shares of Union Pacific Co. (NYSE:UNP)

Thoroughbred Financial Services LLC lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 4.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,571 shares of the railroad operator’s stock after purchasing an additional 102 shares during the period. Thoroughbred Financial Services LLC’s holdings in Union Pacific were worth $506,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in UNP. AlphaStar Capital Management LLC grew its stake in Union Pacific by 5.5% in the third quarter. AlphaStar Capital Management LLC now owns 3,015 shares of the railroad operator’s stock valued at $620,000 after purchasing an additional 157 shares in the last quarter. Empirical Finance LLC grew its stake in Union Pacific by 23.3% in the third quarter. Empirical Finance LLC now owns 5,859 shares of the railroad operator’s stock valued at $1,153,000 after purchasing an additional 1,108 shares in the last quarter. Geneva Partners LLC bought a new position in Union Pacific in the third quarter valued at approximately $250,000. Wealthstreet Investment Advisors LLC grew its stake in Union Pacific by 2.4% in the third quarter. Wealthstreet Investment Advisors LLC now owns 7,338 shares of the railroad operator’s stock valued at $1,444,000 after purchasing an additional 175 shares in the last quarter. Finally, Duncker Streett & Co. Inc. grew its stake in Union Pacific by 4.6% in the third quarter. Duncker Streett & Co. Inc. now owns 11,060 shares of the railroad operator’s stock valued at $2,177,000 after purchasing an additional 490 shares in the last quarter. Institutional investors own 78.16% of the company’s stock.

NYSE UNP traded up $1.15 during midday trading on Friday, hitting $177.19. The company had a trading volume of 3,747,953 shares, compared to its average volume of 3,615,385. The company has a market capitalization of $119.40 billion, a PE ratio of 21.98, a P/E/G ratio of 2.59 and a beta of 1.02. The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm has a 50-day moving average price of $197.87 and a 200-day moving average price of $178.17. Union Pacific Co. has a twelve month low of $105.08 and a twelve month high of $210.95.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $2.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.05). The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.97 billion. Union Pacific had a net margin of 27.54% and a return on equity of 32.45%. Union Pacific’s revenue was down 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 earnings per share. On average, equities analysts anticipate that Union Pacific Co. will post 7.93 EPS for the current year.

In other news, CFO Jennifer L. Hamann sold 1,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $193.79, for a total transaction of $193,790.00. Following the completion of the transaction, the chief financial officer now owns 74,648 shares of the company’s stock, valued at approximately $14,466,035.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth F. Whited sold 5,376 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $195.51, for a total value of $1,051,061.76. Following the transaction, the executive vice president now directly owns 62,558 shares of the company’s stock, valued at approximately $12,230,714.58. The disclosure for this sale can be found here. Insiders sold a total of 7,876 shares of company stock valued at $1,530,542 over the last ninety days. Insiders own 0.20% of the company’s stock.

A number of research analysts have weighed in on the company. Argus raised their price target on Union Pacific from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 24th. BMO Capital Markets lifted their target price on Union Pacific from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Bank of America lifted their target price on Union Pacific from $198.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Credit Suisse Group reduced their target price on Union Pacific from $225.00 to $223.00 and set an “outperform” rating for the company in a research note on Friday, October 23rd. Finally, Robert W. Baird upgraded Union Pacific from a “neutral” rating to an “outperform” rating and set a $220.00 target price for the company in a research note on Monday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $184.63.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products to grain processors, animal feeders, ethanol producers, and other agricultural users; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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