Geode Capital Management LLC Sells 53,535 Shares of Union Pacific Corporation $UNP

Geode Capital Management LLC trimmed its holdings in Union Pacific Corporation (NYSE:UNP) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,991,104 shares of the railroad operator’s stock after selling 53,535 shares during the quarter. Geode Capital Management LLC owned about 2.53% of Union Pacific worth $3,443,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of UNP. Northern Trust Corp boosted its position in shares of Union Pacific by 2.0% in the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after purchasing an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Union Pacific by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after buying an additional 354,463 shares in the last quarter. Royal Bank of Canada raised its stake in Union Pacific by 1.7% during the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after buying an additional 86,292 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in 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 worth $1,092,893,000 after acquiring an additional 452,788 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Union Pacific in the first quarter worth $988,822,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of UNP opened at $224.72 on Wednesday. The firm has a fifty day simple moving average of $224.12 and a two-hundred day simple moving average of $224.54. The firm has a market cap of $133.30 billion, a PE ratio of 19.09, a P/E/G ratio of 2.27 and a beta of 1.04. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.75 earnings per share. On average, equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group set a $263.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Argus cut shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Evercore ISI reduced their price target on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research report on Friday, July 25th. Sanford C. Bernstein upped their price objective on Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, TD Cowen reduced their target price on Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and an average 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.