Patrick M Sweeney & Associates Inc. Has $1.29 Million Position in Union Pacific Co. (NYSE:UNP)

Patrick M Sweeney & Associates Inc. increased its position in shares of Union Pacific Co. (NYSE:UNP) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,235 shares of the railroad operator’s stock after purchasing an additional 98 shares during the period. Union Pacific comprises about 0.9% of Patrick M Sweeney & Associates Inc.’s investment portfolio, making the stock its 22nd largest position. Patrick M Sweeney & Associates Inc.’s holdings in Union Pacific were worth $1,290,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Forum Financial Management LP boosted its holdings in shares of Union Pacific by 0.6% in the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock valued at $1,731,000 after buying an additional 41 shares during the last quarter. Fairhaven Wealth Management LLC increased its stake in shares of Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after purchasing an additional 43 shares during the last quarter. Chesapeake Wealth Management raised its holdings in shares of Union Pacific by 0.5% in the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after purchasing an additional 43 shares during the period. Fortis Capital Advisors LLC lifted its stake in Union Pacific by 5.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock valued at $225,000 after purchasing an additional 44 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its stake in Union Pacific by 0.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock valued at $1,897,000 after purchasing an additional 44 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the transaction, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UNP has been the topic of several research analyst reports. Evercore ISI lowered Union Pacific from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. BMO Capital Markets cut their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Stifel Nicolaus decreased their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Bank of America cut their target price 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. Finally, Citigroup started coverage on shares of Union Pacific in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $260.53.

Union Pacific Trading Down 0.0 %

UNP opened at $241.34 on Thursday. The stock has a market cap of $147.02 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a twelve month low of $199.97 and a twelve month high of $258.66. The company has a fifty day moving average of $246.57 and a 200-day moving average of $238.60.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the firm earned $2.57 earnings per share. Union Pacific’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts predict that Union Pacific Co. will post 11.07 EPS 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.