Thrivent Financial for Lutherans Acquires 27,669 Shares of Union Pacific Co. (NYSE:UNP)

Thrivent Financial for Lutherans lifted its holdings in Union Pacific Co. (NYSE:UNPGet Rating) by 9.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,290 shares of the railroad operator’s stock after buying an additional 27,669 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.05% of Union Pacific worth $70,445,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UNP. Carolinas Wealth Consulting LLC increased its stake in shares of Union Pacific by 24.1% during the second quarter. Carolinas Wealth Consulting LLC now owns 1,257 shares of the railroad operator’s stock valued at $268,000 after purchasing an additional 244 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Union Pacific by 8.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,004,224 shares of the railroad operator’s stock worth $854,021,000 after buying an additional 307,153 shares during the last quarter. Prudential Financial Inc. increased its position in Union Pacific by 20.2% during the 2nd quarter. Prudential Financial Inc. now owns 886,592 shares of the railroad operator’s stock valued at $189,005,000 after buying an additional 148,731 shares in the last quarter. Caxton Associates LP purchased a new position in Union Pacific during the second quarter valued at $843,000. Finally, Cito Capital Group LLC bought a new stake in Union Pacific in the second quarter worth $500,000. 77.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UNP. Raymond James reduced their price target on Union Pacific from $230.00 to $220.00 and set a “strong-buy” rating for the company in a report on Friday, October 21st. Susquehanna Bancshares reduced their price objective on shares of Union Pacific from $208.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, October 21st. Royal Bank of Canada downgraded shares of Union Pacific from a “sector perform” rating to an “underperform” rating and dropped their target price for the stock from $200.00 to $187.00 in a research note on Tuesday, November 1st. JPMorgan Chase & Co. reduced their price target on shares of Union Pacific from $219.00 to $217.00 and set a “neutral” rating for the company in a research report on Friday, October 21st. Finally, Susquehanna lowered their price objective on Union Pacific from $208.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, October 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Union Pacific has an average rating of “Hold” and an average price target of $222.28.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $213.03 on Friday. The firm’s 50 day moving average price is $203.43 and its 200-day moving average price is $214.13. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 2.70. The stock has a market capitalization of $130.97 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 1.84 and a beta of 1.12. Union Pacific Co. has a twelve month low of $183.70 and a twelve month high of $278.94.

Union Pacific (NYSE:UNPGet Rating) last released its quarterly earnings results on Thursday, October 20th. The railroad operator reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.13. Union Pacific had a net margin of 28.95% and a return on equity of 56.68%. The business had revenue of $6.57 billion for the quarter, compared to the consensus estimate of $6.41 billion. During the same period last year, the firm earned $2.57 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Equities research analysts expect that Union Pacific Co. will post 11.52 EPS for the current year.

Insider Activity at Union Pacific

In related news, Director Teresa Finley purchased 1,380 shares of Union Pacific stock in a transaction on Monday, October 24th. The stock was acquired at an average price of $188.26 per share, for a total transaction of $259,798.80. Following the completion of the transaction, the director now directly owns 1,380 shares in the company, valued at approximately $259,798.80. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.28% of the stock is owned by company insiders.

About Union Pacific

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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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

See Also

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

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