Conning Inc. lessened its stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 3.9% during the 3rd quarter, Holdings Channel reports. The fund owned 136,428 shares of the railroad operator’s stock after selling 5,525 shares during the quarter. Conning Inc.’s holdings in Union Pacific were worth $37,126,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Eastern Bank increased its holdings in shares of Union Pacific by 2.6% during the 3rd quarter. Eastern Bank now owns 214,567 shares of the railroad operator’s stock worth $58,390,000 after buying an additional 5,380 shares during the last quarter. BNP Paribas lifted its holdings in Union Pacific by 21.5% in the second quarter. BNP Paribas now owns 60,465 shares of the railroad operator’s stock valued at $16,454,000 after acquiring an additional 10,706 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Union Pacific by 9.4% in the second quarter. QRG Capital Management Inc. now owns 102,949 shares of the railroad operator’s stock valued at $28,002,000 after acquiring an additional 8,842 shares during the last quarter. KBC Group NV lifted its holdings in Union Pacific by 17.7% in the second quarter. KBC Group NV now owns 108,489 shares of the railroad operator’s stock valued at $29,509,000 after acquiring an additional 16,295 shares during the last quarter. Finally, Axiom Investment Management LLC acquired a new position in Union Pacific in the first quarter valued at approximately $9,151,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.
Analysts Set New Price Targets
UNP has been the subject of several analyst reports. Erste Group Bank assumed coverage on Union Pacific in a research report on Thursday, August 27th. They issued a “buy” rating for the company. Citigroup restated a “market outperform” rating on shares of Union Pacific in a research report on Friday, October 23rd. JPMorgan Chase & Co. reduced their target price on Union Pacific from $322.00 to $321.00 and set a “neutral” rating on the stock in a research report on Friday, October 23rd. Barclays reaffirmed an “overweight” rating and issued a $350.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $335.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.44.
View Our Latest Stock Report on UNP
Union Pacific Price Performance
Shares of UNP opened at $297.08 on Thursday. Union Pacific Corporation has a 1-year low of $215.53 and a 1-year high of $315.99. The stock has a market cap of $176.54 billion, a PE ratio of 23.16, a P/E/G ratio of 2.89 and a beta of 0.95. The firm has a 50-day simple moving average of $287.51 and a two-hundred day simple moving average of $269.32. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.16 and a quick ratio of 0.99.
Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.06. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the previous year, the firm earned $3.08 EPS. The business’s revenue was up 15.3% on a year-over-year basis. As a group, analysts forecast 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.
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