Hayek Kallen Investment Management Sells 485 Shares of Union Pacific Co. (NYSE:UNP)

Hayek Kallen Investment Management reduced its stake in Union Pacific Co. (NYSE:UNP) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,681 shares of the railroad operator’s stock after selling 485 shares during the period. Union Pacific makes up approximately 2.5% of Hayek Kallen Investment Management’s holdings, making the stock its 11th largest holding. Hayek Kallen Investment Management’s holdings in Union Pacific were worth $3,998,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Union Pacific by 3.9% in the 2nd quarter. Northern Trust Corp now owns 8,546,069 shares of the railroad operator’s stock worth $1,445,226,000 after acquiring an additional 318,092 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Union Pacific by 1,957.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,164,209 shares of the railroad operator’s stock worth $1,380,648,000 after acquiring an additional 7,767,384 shares in the last quarter. Soroban Capital Partners LP boosted its holdings in shares of Union Pacific by 69.6% in the 2nd quarter. Soroban Capital Partners LP now owns 4,320,067 shares of the railroad operator’s stock worth $730,567,000 after acquiring an additional 1,772,727 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Union Pacific by 106.4% in the 2nd quarter. Invesco Ltd. now owns 4,282,775 shares of the railroad operator’s stock worth $724,260,000 after acquiring an additional 2,207,908 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of Union Pacific by 11.4% in the 2nd quarter. Boston Partners now owns 3,311,761 shares of the railroad operator’s stock worth $560,158,000 after acquiring an additional 338,049 shares in the last quarter. Institutional investors own 79.29% of the company’s stock.

Shares of UNP stock traded down $0.91 during trading hours on Friday, reaching $176.10. The company had a trading volume of 1,423,758 shares, compared to its average volume of 3,548,266. The company has a 50 day moving average of $164.85 and a 200 day moving average of $168.95. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.89 and a quick ratio of 0.72. The firm has a market cap of $123.41 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.09 and a beta of 1.06. Union Pacific Co. has a 1-year low of $128.08 and a 1-year high of $180.54.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.07). Union Pacific had a net margin of 27.28% and a return on equity of 32.65%. The company had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period last year, the company earned $2.15 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Union Pacific Co. will post 8.52 EPS for the current fiscal year.

Several research analysts have recently commented on the company. Cowen reissued a “buy” rating and issued a $172.00 target price on shares of Union Pacific in a report on Thursday, October 17th. Raymond James set a $197.00 target price on Union Pacific and gave the stock a “buy” rating in a report on Friday, July 19th. Deutsche Bank boosted their target price on Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, July 19th. ValuEngine downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price objective on the stock in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $178.67.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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