Linscomb Wealth Inc. Sells 425 Shares of Union Pacific Co. (NYSE:UNP)

Linscomb Wealth Inc. lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,157 shares of the railroad operator’s stock after selling 425 shares during the quarter. Linscomb Wealth Inc.’s holdings in Union Pacific were worth $3,982,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of UNP. Ameriprise Financial Inc. increased its stake in shares of Union Pacific by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after purchasing an additional 106,996 shares during the last quarter. Capital Research Global Investors increased its stake in shares of 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 worth $1,812,689,000 after purchasing an additional 518,985 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Union Pacific by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock worth $1,350,924,000 after purchasing an additional 124,571 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Union Pacific by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock worth $1,081,348,000 after purchasing an additional 237,083 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Union Pacific by 8.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock worth $954,530,000 after purchasing an additional 322,129 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UNP shares. Barclays raised their price target on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America reduced their price objective on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Wells Fargo & Company reduced their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Benchmark reiterated a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Trading Up 0.0 %

Union Pacific stock traded up $0.06 during mid-day trading on Friday, hitting $235.64. The company’s stock had a trading volume of 553,997 shares, compared to its average volume of 2,307,704. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The stock has a market cap of $142.86 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. The business has a 50 day moving average price of $242.14 and a 200-day moving average price of $238.62. Union Pacific Co. has a 12 month low of $216.79 and a 12 month high of $258.66.

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

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.