Waverton Investment Management Ltd Decreases Stock Position in Union Pacific Co. (NYSE:UNP)

Waverton Investment Management Ltd reduced its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 57.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,956 shares of the railroad operator's stock after selling 6,680 shares during the period. Waverton Investment Management Ltd's holdings in Union Pacific were worth $1,221,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cultivar Capital Inc. purchased a new position in Union Pacific in the 2nd quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Union Pacific during the 2nd quarter worth approximately $28,000. Financial Gravity Asset Management Inc. raised its holdings in shares of Union Pacific by 3,250.0% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator's stock worth $30,000 after acquiring an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Union Pacific during the 3rd quarter worth approximately $30,000. Finally, Fairscale Capital LLC purchased a new stake in shares of Union Pacific during the 2nd quarter worth approximately $31,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Down 1.3 %

Shares of NYSE UNP traded down $3.04 during mid-day trading on Tuesday, reaching $238.91. 2,358,119 shares of the company were exchanged, compared to its average volume of 2,312,862. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The stock has a market cap of $144.84 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 2.39 and a beta of 1.06. Union Pacific Co. has a 1 year low of $208.14 and a 1 year high of $258.66. The firm has a 50-day moving average of $243.09 and a 200 day moving average of $238.66.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts' consensus estimates of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to analysts' expectations 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 company earned $2.51 earnings per share. On average, research analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UNP. Royal Bank of Canada decreased their price objective on Union Pacific from $288.00 to $283.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Wells Fargo & Company decreased 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. Citigroup boosted their target price on Union Pacific from $255.00 to $267.00 and gave the company a "neutral" rating in a research report on Tuesday. Bank of America cut their price objective 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. Finally, Barclays cut their price objective on Union Pacific from $280.00 to $275.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Nine investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $259.30.

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.