Union Pacific Corporation $UNP Shares Bought by Alta Capital Management LLC

Alta Capital Management LLC grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 8.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 21,773 shares of the railroad operator’s stock after acquiring an additional 1,640 shares during the period. Alta Capital Management LLC’s holdings in Union Pacific were worth $5,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Union Pacific during the 1st quarter valued at $988,822,000. Goldman Sachs Group Inc. raised its stake in Union Pacific by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after purchasing an additional 850,025 shares during the period. Auto Owners Insurance Co raised its stake in Union Pacific by 61,054.6% during the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock valued at $147,650,000 after purchasing an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. acquired a new stake in Union Pacific during the 1st quarter valued at $115,096,000. Finally, Canada Pension Plan Investment Board raised its stake in Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after purchasing an additional 452,788 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Down 0.7%

Union Pacific stock opened at $225.57 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The company has a market capitalization of $133.79 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.36 and a beta of 1.07. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The company’s fifty day moving average price is $224.61 and its two-hundred day moving average price is $224.28.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.74 earnings per share. On average, analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UNP has been the topic of several recent analyst reports. Baird R W raised shares of Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and boosted their target price for the company from $250.00 to $285.00 in a research note on Friday, July 25th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Susquehanna reaffirmed a “positive” rating and issued a $272.00 price target (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Finally, Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $261.58.

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.