Icon Wealth Advisors LLC Lowers Stock Position in Union Pacific Co. (NYSE:UNP)

Icon Wealth Advisors LLC decreased its position in Union Pacific Co. (NYSE:UNP) by 4.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,938 shares of the railroad operator’s stock after selling 305 shares during the period. Icon Wealth Advisors LLC’s holdings in Union Pacific were worth $1,710,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cultivar Capital Inc. purchased a new position in shares of Union Pacific during the 2nd quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Union Pacific during the second quarter worth $28,000. Financial Gravity Asset Management Inc. lifted its holdings in Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Union Pacific in the third quarter valued at about $30,000. Finally, Fairscale Capital LLC purchased a new stake in shares of Union Pacific during the second quarter worth about $31,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on UNP shares. Bank of America cut their price objective on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Barclays increased their price objective on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein lowered their target price on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company dropped their target price on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Evercore ISI downgraded shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Price Performance

UNP stock opened at $242.39 on Friday. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.66. The business has a fifty day moving average of $240.53 and a two-hundred day moving average of $238.54. The stock has a market cap of $146.95 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.37 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 (NYSE:UNP) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same period in the previous year, the company earned $2.51 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Union Pacific Co. will post 10.94 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.