Harvest Portfolios Group Inc. Grows Stock Position in Union Pacific Corporation $UNP

Harvest Portfolios Group Inc. boosted its holdings in Union Pacific Corporation (NYSE:UNP) by 16.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,682 shares of the railroad operator’s stock after acquiring an additional 1,229 shares during the period. Harvest Portfolios Group Inc.’s holdings in Union Pacific were worth $1,998,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Union Pacific by 10.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock valued at $21,475,000 after buying an additional 8,925 shares during the period. LGT Group Foundation grew its position in Union Pacific by 9.7% in the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after acquiring an additional 477 shares in the last quarter. Nuveen LLC purchased a new stake in Union Pacific during the first quarter worth about $988,822,000. SlateStone Wealth LLC lifted its position in shares of Union Pacific by 6.2% during the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after purchasing an additional 772 shares in the last quarter. Finally, Gallacher Capital Management LLC boosted its stake in shares of Union Pacific by 153.1% in the first quarter. Gallacher Capital Management LLC now owns 2,513 shares of the railroad operator’s stock valued at $594,000 after purchasing an additional 1,520 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $221.65 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The firm has a market capitalization of $131.47 billion, a P/E ratio of 18.83, a P/E/G ratio of 2.27 and a beta of 1.04. The company’s fifty day moving average price is $224.06 and its 200 day moving average price is $224.32.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same quarter last year, the company posted $2.75 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on UNP shares. Evercore ISI reduced their target price on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. Wells Fargo & Company raised their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. TD Cowen cut their price target on Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Finally, Argus cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Company Profile

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.