Union Pacific Corporation $UNP Holdings Raised by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in Union Pacific Corporation (NYSE:UNP) by 32.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,080 shares of the railroad operator’s stock after buying an additional 3,459 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Union Pacific were worth $3,831,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Next Level Wealth Planning LLC bought a new stake in shares of Union Pacific in the third quarter worth about $54,000. Signature Equity Partners LLC lifted its position in shares of Union Pacific by 6.5% in the third quarter. Signature Equity Partners LLC now owns 1,302 shares of the railroad operator’s stock worth $354,000 after buying an additional 80 shares in the last quarter. XML Financial LLC lifted its position in shares of Union Pacific by 2.2% in the third quarter. XML Financial LLC now owns 10,114 shares of the railroad operator’s stock worth $2,752,000 after buying an additional 219 shares in the last quarter. Summit Wealth Group LLC Co. boosted its stake in Union Pacific by 214.6% during the third quarter. Summit Wealth Group LLC Co. now owns 6,483 shares of the railroad operator’s stock valued at $1,764,000 after buying an additional 4,422 shares during the last quarter. Finally, TSG Advice Partners LLC bought a new position in Union Pacific during the third quarter valued at approximately $215,000. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on UNP. Robert W. Baird raised their price target on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Royal Bank Of Canada set a $328.00 price objective on Union Pacific in a report on Friday, October 23rd. JPMorgan Chase & Co. lowered their target price on Union Pacific from $322.00 to $321.00 and set a “neutral” rating for the company in a research report on Friday, October 23rd. Stephens raised shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Citizens Jmp initiated coverage on shares of Union Pacific in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $326.44.

Union Pacific Trading Down 1.1%

Shares of NYSE UNP opened at $303.62 on Wednesday. Union Pacific Corporation has a 1-year low of $216.32 and a 1-year high of $315.99. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.16 and a quick ratio of 0.99. The business’s 50 day moving average is $287.36 and its two-hundred day moving average is $270.83. The stock has a market capitalization of $180.43 billion, a P/E ratio of 23.66, a PEG ratio of 3.03 and a beta of 0.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.06. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the company earned $3.08 EPS. As a group, research analysts expect that Union Pacific Corporation will post 13.13 EPS for the current year.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.