Union Pacific Corporation $UNP Stake Lifted by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 17.9% in the third quarter, Holdings Channel reports. The fund owned 17,798 shares of the railroad operator’s stock after acquiring an additional 2,708 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Union Pacific were worth $4,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Capital Advisors Inc. OK lifted its stake in Union Pacific by 1.8% in the second quarter. Capital Advisors Inc. OK now owns 1,888 shares of the railroad operator’s stock valued at $513,000 after purchasing an additional 34 shares during the last quarter. Tiemann Investment Advisors LLC grew its holdings in Union Pacific by 1.7% during the second quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator’s stock valued at $576,000 after purchasing an additional 35 shares during the period. Burford Brothers Inc. increased its position in Union Pacific by 1.9% in the second quarter. Burford Brothers Inc. now owns 1,877 shares of the railroad operator’s stock worth $511,000 after buying an additional 35 shares during the last quarter. Nabity Jensen Investment Management Inc increased its position in Union Pacific by 1.3% in the third quarter. Nabity Jensen Investment Management Inc now owns 2,754 shares of the railroad operator’s stock worth $749,000 after buying an additional 35 shares during the last quarter. Finally, Mountain Pacific Investment Advisers LLC increased its position in Union Pacific by 3.0% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 1,218 shares of the railroad operator’s stock worth $331,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on UNP. Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Susquehanna increased their price target on Union Pacific from $333.00 to $345.00 and gave the stock a “positive” rating in a research note on Tuesday, October 27th. UBS Group reissued a “buy” rating and issued a $339.00 price objective (up from $310.00) on shares of Union Pacific in a report on Friday, October 23rd. Citizens Jmp assumed coverage on Union Pacific in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 price objective on the stock. Finally, Stephens upped their price objective on shares of Union Pacific from $340.00 to $352.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $325.09.

Union Pacific Stock Performance

Shares of UNP opened at $300.84 on Wednesday. The stock’s 50-day simple moving average is $286.49 and its 200 day simple moving average is $272.59. The stock has a market capitalization of $178.77 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 2.74 and a beta of 0.84. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 1.16. Union Pacific Corporation has a 52-week low of $219.89 and a 52-week high of $315.99.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 EPS for the quarter, topping the consensus estimate of $3.47 by $0.06. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.08 EPS. Research analysts forecast that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

Union Pacific Profile

Union Pacific Corporation operates one of the largest freight rail networks in the United States through its subsidiary, Union Pacific Railroad. Its network serves 23 states across the western two-thirds of the country and connects with other railroads, ports and border crossings, including routes to Mexico and Canada. The company transports a broad range of goods, including agricultural products, industrial materials, coal and energy products, and consumer merchandise. Its services support industries such as manufacturing, construction, agriculture, automotive and retail, with intermodal transportation combining rail with truck and shipping services.