Kingsview Wealth Management LLC Sells 419 Shares of Union Pacific Co. (NYSE:UNP)

Kingsview Wealth Management LLC lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,834 shares of the railroad operator’s stock after selling 419 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Union Pacific were worth $5,875,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Fairhaven Wealth Management LLC increased its position in Union Pacific by 1.7% during the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after acquiring an additional 43 shares during the last quarter. Chesapeake Wealth Management increased its position in Union Pacific by 0.5% during the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after acquiring an additional 43 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in Union Pacific by 0.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock valued at $1,897,000 after acquiring an additional 44 shares during the last quarter. Montecito Bank & Trust increased its position in Union Pacific by 0.4% during the second quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator’s stock valued at $2,691,000 after acquiring an additional 45 shares during the last quarter. Finally, Traveka Wealth LLC increased its position in Union Pacific by 3.4% during the third quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock valued at $335,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada reduced their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus reduced their price target on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Benchmark restated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Barclays upped their price target on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company reduced their price target on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $242.39 on Friday. The stock has a 50 day moving average of $240.53 and a 200 day moving average of $238.51. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The firm has a market cap of $146.95 billion, a PE ratio of 22.26, a PEG ratio of 2.37 and a beta of 1.06. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. Union Pacific’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.51 earnings per share. On average, research analysts expect that Union Pacific Co. will post 10.94 EPS for the current fiscal 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.