Howard Capital Management Inc. Has $1.01 Million Stake in Union Pacific Corporation $UNP

Howard Capital Management Inc. increased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 27.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,405 shares of the railroad operator’s stock after purchasing an additional 941 shares during the quarter. Howard Capital Management Inc.’s holdings in Union Pacific were worth $1,014,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in Union Pacific in the 1st quarter worth about $988,822,000. Goldman Sachs Group Inc. increased its stake in shares of Union Pacific by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after buying an additional 850,025 shares during the period. Auto Owners Insurance Co increased its stake in shares of Union Pacific by 61,054.6% in the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock valued at $147,650,000 after buying an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. acquired a new position in shares of Union Pacific in the first quarter valued at approximately $115,096,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after buying an additional 452,788 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UNP has been the subject of several recent research reports. Morgan Stanley decreased their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. JPMorgan Chase & Co. increased their price objective on Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Sanford C. Bernstein increased their price objective on Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Finally, Susquehanna reissued a “positive” rating and issued a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. One equities research 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $217.89 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The business has a 50-day moving average price of $224.81 and a two-hundred day moving average price of $224.35. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a market cap of $129.24 billion, a P/E ratio of 18.51, a PEG ratio of 2.28 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period last year, the business posted $2.75 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, 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.