Marvin & Palmer Associates Inc. increased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 56.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,590 shares of the railroad operator’s stock after purchasing an additional 15,300 shares during the quarter. Union Pacific Corporation accounts for 3.5% of Marvin & Palmer Associates Inc.’s holdings, making the stock its 13th biggest position. Marvin & Palmer Associates Inc.’s holdings in Union Pacific Corporation were worth $4,638,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC grew its stake in shares of Union Pacific Corporation by 212.5% during the 1st quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock worth $252,911,000 after acquiring an additional 1,623,701 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Union Pacific Corporation by 11,520.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,127,981 shares of the railroad operator’s stock worth $10,357,000 after acquiring an additional 1,118,274 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Union Pacific Corporation by 82.9% during the 1st quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock worth $235,547,000 after acquiring an additional 1,007,720 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Union Pacific Corporation during the 1st quarter worth approximately $92,495,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Union Pacific Corporation by 21.6% during the 1st quarter. Ameriprise Financial Inc. now owns 2,996,965 shares of the railroad operator’s stock worth $317,475,000 after acquiring an additional 531,917 shares in the last quarter. 79.66% of the stock is owned by institutional investors and hedge funds.
Shares of Union Pacific Corporation (NYSE:UNP) opened at $116.23 on Wednesday. The firm has a market capitalization of $91,862.59, a PE ratio of 20.62, a PEG ratio of 1.89 and a beta of 0.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.97 and a current ratio of 1.16. Union Pacific Corporation has a twelve month low of $97.48 and a twelve month high of $119.71.
Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.01. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific Corporation had a return on equity of 23.35% and a net margin of 21.84%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 earnings per share. research analysts anticipate that Union Pacific Corporation will post 5.78 EPS for the current year.
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Several research firms have recently commented on UNP. BMO Capital Markets reissued a “buy” rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a report on Friday, August 11th. Argus increased their price objective on Union Pacific Corporation from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research raised Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Wednesday, November 1st. Morgan Stanley downgraded Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $102.00 to $100.00 in a report on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $116.00 price target on shares of Union Pacific Corporation in a report on Sunday, September 17th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $117.59.
About Union Pacific Corporation
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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