Mutual Advisors LLC increased its stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 1.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,270 shares of the railroad operator’s stock after acquiring an additional 92 shares during the period. Mutual Advisors LLC’s holdings in Union Pacific were worth $1,859,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northern Trust Corp lifted its position in Union Pacific by 2.0% during the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after acquiring an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Union Pacific by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after purchasing an additional 354,463 shares in the last quarter. Royal Bank of Canada raised its position in shares of Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after purchasing an additional 86,292 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Union Pacific by 10.8% in 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 in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at approximately $988,822,000. 80.38% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
UNP has been the topic of a number of recent analyst reports. Robert W. Baird initiated coverage on Union Pacific in a research report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 target price on the stock. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Evercore ISI cut their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Finally, Baird R W raised Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $261.58.
Union Pacific Price Performance
Shares of NYSE UNP opened at $224.02 on Friday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $132.87 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07. The business has a 50 day simple moving average of $224.64 and a 200-day simple moving average of $224.20.
Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the business earned $2.74 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.
Union Pacific Company 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.
Read More
- Five stocks we like better than Union Pacific
- 3 Dividend Kings To Consider
- Salesforce’s Long-Awaited Inflection is Here: Rally On!
- Buy P&G Now, Before It Sets A New All-Time High
- Rocket Lab USA Receives Wall Street Validation: Time to Buy?
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Archer Buys Rival’s Patent Treasure Trove in Strategic Move
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP – Free Report).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.