Calamos Advisors LLC increased its position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,155 shares of the railroad operator’s stock after buying an additional 7,800 shares during the period. Calamos Advisors LLC’s holdings in Union Pacific were worth $42,600,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in UNP. Edgestream Partners L.P. purchased a new stake in Union Pacific during the 1st quarter worth approximately $319,000. Sigma Planning Corp boosted its stake in shares of Union Pacific by 1.7% during the 1st quarter. Sigma Planning Corp now owns 5,469 shares of the railroad operator’s stock valued at $1,292,000 after buying an additional 92 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Union Pacific by 53.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,506 shares of the railroad operator’s stock worth $356,000 after buying an additional 525 shares in the last quarter. Wealthfront Advisers LLC increased its stake in shares of Union Pacific by 18.6% in the first quarter. Wealthfront Advisers LLC now owns 65,423 shares of the railroad operator’s stock worth $15,456,000 after buying an additional 10,278 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Union Pacific by 31.5% in the first quarter. Larson Financial Group LLC now owns 3,068 shares of the railroad operator’s stock worth $725,000 after buying an additional 735 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have commented on UNP. Wells Fargo & Company increased their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. UBS Group set a $253.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Evercore ISI cut their price objective on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research note on Friday, July 25th. Finally, The Goldman Sachs Group set a $263.00 target price on Union Pacific and gave the stock a “neutral” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.
Union Pacific Price Performance
Shares of NYSE:UNP opened at $223.68 on Thursday. The company has a market cap of $132.68 billion, a PE ratio of 19.00, a P/E/G ratio of 2.27 and a beta of 1.04. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The firm has a 50-day simple moving average of $224.17 and a 200 day simple moving average of $224.54. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75.
Union Pacific (NYSE:UNP – Get Free Report) last issued its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.75 earnings per share. On average, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.
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.
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