Kornitzer Capital Management Inc. KS Raises Stock Position in Union Pacific Corporation $UNP

Kornitzer Capital Management Inc. KS boosted its position in shares of Union Pacific Corporation (NYSE:UNP) by 9.4% during the second quarter, Holdings Channel.com reports. The firm owned 32,144 shares of the railroad operator’s stock after buying an additional 2,754 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Union Pacific were worth $7,396,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Northern Trust Corp raised its stake in Union Pacific by 2.0% during the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after purchasing an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Union Pacific by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after purchasing an additional 354,463 shares during the period. Royal Bank of Canada raised its stake in Union Pacific by 1.7% during the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after purchasing an additional 86,292 shares during the period. Canada Pension Plan Investment Board raised its stake in Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the period. Finally, Nuveen LLC purchased a new position in Union Pacific during the first quarter worth about $988,822,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Down 1.6%

Shares of UNP stock opened at $216.56 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.53 and a current ratio of 0.75. The stock has a market capitalization of $128.44 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 2.25 and a beta of 1.07. The company has a 50 day moving average price of $224.95 and a 200 day moving average price of $224.39. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 earnings per share. Equities research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UNP shares. Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and lifted their price target for the company from $250.00 to $285.00 in a research report on Friday, July 25th. Robert W. Baird started coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price target for the company. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research report on Friday, October 3rd. Finally, Susquehanna reiterated a “positive” rating and set a $272.00 price target (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

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.