Fifth Third Wealth Advisors LLC Buys 5,840 Shares of Union Pacific Co. (NYSE:UNP)

Fifth Third Wealth Advisors LLC raised its holdings in Union Pacific Co. (NYSE:UNP - Free Report) by 59.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,639 shares of the railroad operator's stock after buying an additional 5,840 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Union Pacific were worth $3,855,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UNP. Fairhaven Wealth Management LLC raised its position 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 valued at $584,000 after buying an additional 43 shares during the period. Chesapeake Wealth Management raised its position in shares of Union Pacific by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator's stock valued at $1,856,000 after buying an additional 43 shares during the period. Azzad Asset Management Inc. ADV raised its position in shares of Union Pacific by 0.5% during 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 buying an additional 44 shares during the period. Montecito Bank & Trust raised its position in shares of Union Pacific by 0.4% during the 2nd quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator's stock valued at $2,691,000 after buying an additional 45 shares during the period. Finally, Traveka Wealth LLC raised its position in shares of Union Pacific by 3.4% during the 3rd quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator's stock valued at $335,000 after buying an additional 45 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UNP. Bank of America cut their target price on Union Pacific from $273.00 to $270.00 and set a "buy" rating on the stock in a research report on Tuesday, September 24th. Royal Bank of Canada lowered their target price on shares of Union Pacific from $288.00 to $283.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Wells Fargo & Company dropped their price objective on Union Pacific from $270.00 to $255.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Daiwa America lowered Union Pacific from a "moderate buy" rating to a "hold" rating in a report on Wednesday, September 4th. Finally, BMO Capital Markets lowered their price target on Union Pacific from $280.00 to $275.00 and set an "outperform" rating on the stock in a report on Friday, September 20th. Nine 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $259.80.

Union Pacific Price Performance

Shares of NYSE:UNP traded down $0.73 during midday trading on Tuesday, reaching $233.68. 658,718 shares of the company's stock were exchanged, compared to its average volume of 2,303,472. The company's 50 day simple moving average is $241.53 and its two-hundred day simple moving average is $238.60. The firm has a market capitalization of $141.67 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. Union Pacific Co. has a 12 month low of $216.92 and a 12 month high of $258.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.78 by ($0.03). The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.51 EPS. Equities research analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific 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.