First Horizon Advisors Inc. Acquires 3,509 Shares of Union Pacific Co. (NYSE:UNP)

First Horizon Advisors Inc. raised its stake in shares of Union Pacific Co. (NYSE:UNP) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 79,741 shares of the railroad operator’s stock after purchasing an additional 3,509 shares during the quarter. First Horizon Advisors Inc.’s holdings in Union Pacific were worth $19,655,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its position in Union Pacific by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after purchasing an additional 106,996 shares during the period. Capital Research Global Investors raised its stake in Union Pacific by 7.6% during the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after buying an additional 518,985 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Union Pacific by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after buying an additional 124,571 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Union Pacific by 8.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock valued at $954,530,000 after buying an additional 322,129 shares during the period. Finally, Capital World Investors boosted its stake in shares of Union Pacific by 35.3% in the 1st quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after buying an additional 1,073,625 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of recent research reports. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Susquehanna reduced their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Bank of America lowered their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. TD Cowen reduced their price target on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific Trading Down 0.5 %

Shares of UNP stock opened at $233.29 on Wednesday. The stock has a market capitalization of $141.43 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. The stock’s 50-day moving average price is $241.14 and its 200-day moving average price is $238.55. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 12-month low of $216.92 and a 12-month high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period in the previous year, the business earned $2.51 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts predict that Union Pacific Co. will post 10.94 EPS 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.