Union Pacific Corporation $UNP Stock: Sumitomo Mitsui Trust Group Inc. Lowers Stake

Sumitomo Mitsui Trust Group Inc. cut its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,273,786 shares of the railroad operator’s stock after selling 36,065 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Union Pacific were worth $346,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Capital Advisors Inc. OK boosted its holdings in shares of Union Pacific by 1.8% during the second quarter. Capital Advisors Inc. OK now owns 1,888 shares of the railroad operator’s stock valued at $513,000 after acquiring an additional 34 shares during the period. Tiemann Investment Advisors LLC grew its position in shares of Union Pacific by 1.7% during the second quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator’s stock worth $576,000 after acquiring an additional 35 shares during the last quarter. Burford Brothers Inc. grew its position in shares of Union Pacific by 1.9% during the second quarter. Burford Brothers Inc. now owns 1,877 shares of the railroad operator’s stock worth $511,000 after acquiring an additional 35 shares during the last quarter. Nabity Jensen Investment Management Inc increased its holdings in shares of Union Pacific by 1.3% in the 3rd quarter. Nabity Jensen Investment Management Inc now owns 2,754 shares of the railroad operator’s stock worth $749,000 after acquiring an additional 35 shares during the period. Finally, TFR Capital LLC. increased its holdings in shares of Union Pacific by 3.8% in the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock worth $266,000 after acquiring an additional 36 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UNP shares. Citizens Jmp started coverage on shares of Union Pacific in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 price objective on the stock. Royal Bank Of Canada set a $328.00 target price on shares of Union Pacific in a research report on Friday, October 23rd. Erste Group Bank assumed coverage on shares of Union Pacific in a research report on Thursday, August 27th. They issued a “buy” rating for the company. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Finally, Stephens raised Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $326.44.

Get Our Latest Report on UNP

Union Pacific Trading Up 0.7%

NYSE:UNP opened at $304.00 on Friday. The stock has a market cap of $180.65 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 3.00 and a beta of 0.95. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 1.16. Union Pacific Corporation has a 1 year low of $216.32 and a 1 year high of $315.99. The business has a fifty day moving average of $287.51 and a 200-day moving average of $270.06.

Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.06. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.08 earnings per share. Equities analysts predict that Union Pacific Corporation will post 13.13 earnings per share for the current year.

About Union Pacific

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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