Leo Wealth LLC Grows Stake in Union Pacific Co. (NYSE:UNP)

Leo Wealth LLC increased its holdings in Union Pacific Co. (NYSE:UNP) by 13.3% during the third quarter, Holdings Channel reports. The firm owned 1,297 shares of the railroad operator’s stock after acquiring an additional 152 shares during the quarter. Leo Wealth LLC’s holdings in Union Pacific were worth $320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Eastern Bank boosted its position in shares of Union Pacific by 266.6% during the third quarter. Eastern Bank now owns 35,395 shares of the railroad operator’s stock worth $8,724,000 after acquiring an additional 25,741 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Union Pacific by 4.7% during the 3rd quarter. Signaturefd LLC now owns 13,161 shares of the railroad operator’s stock valued at $3,244,000 after purchasing an additional 585 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Union Pacific by 22.8% during the third quarter. Sequoia Financial Advisors LLC now owns 24,723 shares of the railroad operator’s stock valued at $6,094,000 after purchasing an additional 4,586 shares in the last quarter. Sky Investment Group LLC increased its holdings in shares of Union Pacific by 5.4% in the third quarter. Sky Investment Group LLC now owns 5,319 shares of the railroad operator’s stock worth $1,311,000 after purchasing an additional 274 shares during the last quarter. Finally, Home Federal Bank of Tennessee lifted its position in shares of Union Pacific by 17.2% in the third quarter. Home Federal Bank of Tennessee now owns 1,195 shares of the railroad operator’s stock worth $295,000 after buying an additional 175 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $241.46 on Wednesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The firm’s 50 day simple moving average is $246.56 and its 200-day simple moving average is $238.58. The firm has a market cap of $147.10 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a one year low of $199.97 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the company posted $2.57 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts predict that Union Pacific Co. will post 11.07 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on UNP. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Citigroup assumed coverage on shares of Union Pacific in a research note on Wednesday, October 9th. They set a “neutral” rating and a $264.00 price target on the stock. Stifel Nicolaus dropped their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Sanford C. Bernstein decreased 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 report on Wednesday, October 9th. Finally, Benchmark reiterated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research report on Monday, July 29th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.53.

Insider Activity

In related news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.28% of the company’s stock.

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.