Watch Point Trust Co lessened its stake in Union Pacific Co. (NYSE:UNP) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,287 shares of the railroad operator’s stock after selling 210 shares during the period. Watch Point Trust Co’s holdings in Union Pacific were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Northern Trust Corp grew its stake in Union Pacific by 3.9% in the second quarter. Northern Trust Corp now owns 8,546,069 shares of the railroad operator’s stock valued at $1,445,226,000 after purchasing an additional 318,092 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Union Pacific by 1,957.4% during the second quarter. Nuveen Asset Management LLC now owns 8,164,209 shares of the railroad operator’s stock worth $1,380,648,000 after acquiring an additional 7,767,384 shares during the last quarter. Soroban Capital Partners LP grew its stake in shares of Union Pacific by 69.6% during the second quarter. Soroban Capital Partners LP now owns 4,320,067 shares of the railroad operator’s stock worth $730,567,000 after acquiring an additional 1,772,727 shares during the last quarter. Invesco Ltd. grew its stake in shares of Union Pacific by 106.4% during the second quarter. Invesco Ltd. now owns 4,282,775 shares of the railroad operator’s stock worth $724,260,000 after acquiring an additional 2,207,908 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Union Pacific by 11.4% during the second quarter. Boston Partners now owns 3,311,761 shares of the railroad operator’s stock worth $560,158,000 after acquiring an additional 338,049 shares during the last quarter. Institutional investors own 79.29% of the company’s stock.
UNP has been the topic of a number of research analyst reports. ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co assumed coverage on Union Pacific in a research report on Monday, October 28th. They issued a “market perform” rating and a $162.00 target price on the stock. Deutsche Bank upped their target price on Union Pacific from $197.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Bank of America dropped their target price on Union Pacific from $179.00 to $167.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. Finally, Morgan Stanley dropped their target price on Union Pacific from $138.00 to $136.00 and set an “underweight” rating on the stock in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $178.67.
NYSE:UNP traded down $0.91 during trading hours on Friday, reaching $176.10. The company had a trading volume of 1,423,758 shares, compared to its average volume of 3,548,266. Union Pacific Co. has a 1-year low of $128.08 and a 1-year high of $180.54. The firm has a market cap of $123.41 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. The business’s 50 day moving average price is $164.85 and its 200-day moving average price is $168.95. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.89 and a quick ratio of 0.72.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.07). Union Pacific had a net margin of 27.28% and a return on equity of 32.65%. The company had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the firm posted $2.15 earnings per share. The company’s revenue was down 7.0% compared to the same quarter last year. On average, analysts expect that Union Pacific Co. will post 8.52 earnings per share for the current fiscal year.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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