Independent Advisor Alliance Acquires 911 Shares of Union Pacific Co. (NYSE:UNP)

Independent Advisor Alliance grew its stake in Union Pacific Co. (NYSE:UNP) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,054 shares of the railroad operator’s stock after acquiring an additional 911 shares during the period. Independent Advisor Alliance’s holdings in Union Pacific were worth $8,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Wace LLP raised its stake in shares of Union Pacific by 272.3% during the 2nd quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock worth $379,689,000 after purchasing an additional 1,227,318 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Union Pacific by 19,878.6% during the 3rd quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after purchasing an additional 891,555 shares during the last quarter. Impax Asset Management Group plc raised its holdings in shares of Union Pacific by 2,025.4% in the 3rd quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock valued at $134,636,000 after purchasing an additional 520,536 shares during the period. Jennison Associates LLC lifted its stake in Union Pacific by 170.9% in the 3rd quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock valued at $181,470,000 after purchasing an additional 464,477 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its holdings in Union Pacific by 186.4% during the second quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock worth $159,461,000 after purchasing an additional 458,664 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup upped their price objective on Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Barclays raised their price target on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Susquehanna dropped their price objective on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Evercore ISI downgraded shares of Union Pacific from an “outperform” rating to an “inline” rating and reduced their target price for the stock from $254.00 to $247.00 in a report on Wednesday, September 25th. Finally, Sanford C. Bernstein lowered their price target on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific Price Performance

Union Pacific stock opened at $242.39 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The stock has a market capitalization of $146.95 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06. The stock has a fifty day moving average of $240.53 and a 200-day moving average of $238.46.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same period in the previous year, the firm posted $2.51 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific 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.