Cassaday & Co Wealth Management LLC Sells 398 Shares of Union Pacific Corporation $UNP

Cassaday & Co Wealth Management LLC lessened its stake in Union Pacific Corporation (NYSE:UNP) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,759 shares of the railroad operator’s stock after selling 398 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Union Pacific were worth $1,785,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in UNP. Nuveen LLC bought a new stake in shares of Union Pacific in the first quarter valued at about $988,822,000. Goldman Sachs Group Inc. lifted its stake in shares of Union Pacific by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after buying an additional 850,025 shares during the period. Auto Owners Insurance Co lifted its stake in shares of Union Pacific by 61,054.6% in the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock valued at $147,650,000 after buying an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. bought a new stake in shares of Union Pacific in the first quarter valued at about $115,096,000. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after buying an additional 452,788 shares during the period. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein increased their target price on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. The Goldman Sachs Group set a $263.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Susquehanna restated a “positive” rating and set a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Cowen restated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Stock Performance

NYSE UNP opened at $219.09 on Tuesday. The firm has a market cap of $129.96 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.27 and a beta of 1.07. The company has a 50 day moving average of $224.28 and a 200-day moving average of $224.37. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $2.75 earnings per share. On average, equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal 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.