Baxter Bros Inc. Has $26.05 Million Holdings in Union Pacific Co. (NYSE:UNP)

Baxter Bros Inc. lessened its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,703 shares of the railroad operator's stock after selling 2,486 shares during the period. Union Pacific accounts for 3.4% of Baxter Bros Inc.'s portfolio, making the stock its 6th largest holding. Baxter Bros Inc.'s holdings in Union Pacific were worth $26,054,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. New Covenant Trust Company N.A. increased its stake in shares of Union Pacific by 32.6% in the third quarter. New Covenant Trust Company N.A. now owns 2,052 shares of the railroad operator's stock worth $501,000 after purchasing an additional 505 shares during the period. Janney Capital Management LLC increased its position in Union Pacific by 13.2% in the 3rd quarter. Janney Capital Management LLC now owns 3,585 shares of the railroad operator's stock worth $884,000 after buying an additional 417 shares during the period. Greenwich Wealth Management LLC lifted its holdings in shares of Union Pacific by 11.9% during the third quarter. Greenwich Wealth Management LLC now owns 2,090 shares of the railroad operator's stock worth $515,000 after buying an additional 223 shares during the last quarter. Invesco LLC boosted its position in shares of Union Pacific by 4.4% in the third quarter. Invesco LLC now owns 1,239 shares of the railroad operator's stock valued at $305,000 after acquiring an additional 52 shares during the period. Finally, AM Investment Strategies LLC acquired a new stake in shares of Union Pacific in the third quarter worth $210,000. Institutional investors own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Sanford C. Bernstein cut their target price on shares of Union Pacific from $277.00 to $272.00 and set an "outperform" rating for the company in a research note on Wednesday, October 9th. Raymond James increased their target price on shares of Union Pacific from $265.00 to $275.00 and gave the company a "strong-buy" rating in a research note on Monday, October 14th. Citigroup assumed coverage on Union Pacific in a research note on Wednesday, October 9th. They set a "neutral" rating and a $264.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Union Pacific from $263.00 to $252.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Finally, Daiwa America cut Union Pacific from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, September 4th. 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $259.15.

Union Pacific Price Performance

Union Pacific stock traded up $0.62 on Friday, reaching $232.69. The company's stock had a trading volume of 2,653,306 shares, compared to its average volume of 2,342,995. Union Pacific Co. has a twelve month low of $207.74 and a twelve month high of $258.66. The company has a market cap of $141.07 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 2.29 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The business's fifty day moving average price is $244.66 and its 200 day moving average price is $238.45.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the previous year, the business posted $2.51 EPS. The company's revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that Union Pacific Co. will post 10.97 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.