Smith Salley Wealth Management Has $18.12 Million Holdings in Union Pacific Co. (NYSE:UNP)

Smith Salley Wealth Management lessened its holdings in Union Pacific Co. (NYSE:UNP) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,501 shares of the railroad operator’s stock after selling 1,230 shares during the quarter. Smith Salley Wealth Management’s holdings in Union Pacific were worth $18,117,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UNP. Cultivar Capital Inc. bought a new position in Union Pacific in the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Union Pacific in the 2nd quarter valued at $28,000. Tributary Capital Management LLC bought a new position in shares of Union Pacific in the 1st quarter worth $30,000. Financial Gravity Asset Management Inc. grew its stake in shares of Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 130 shares during the period. Finally, Fairscale Capital LLC bought a new stake in Union Pacific in the second quarter valued at about $31,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Down 0.2 %

NYSE:UNP opened at $230.30 on Friday. The company has a market cap of $140.30 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. Union Pacific Co. has a twelve month low of $199.97 and a twelve month high of $258.66. The business has a 50 day moving average price of $246.02 and a two-hundred day moving average price of $238.46. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last announced 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 $2.76 by ($0.01). Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the previous year, the business earned $2.51 EPS. Union Pacific’s revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that Union Pacific Co. will post 11.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays reduced their target price on Union Pacific from $280.00 to $275.00 and set an “overweight” rating on the stock in a report on Friday. Stifel Nicolaus decreased their price objective on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a report on Friday. Sanford C. Bernstein lowered 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. Robert W. Baird reduced their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, BMO Capital Markets lowered their price objective on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.15.

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.