The Manufacturers Life Insurance Company Boosts Stock Holdings in Union Pacific Co. (NYSE:UNP)

The Manufacturers Life Insurance Company increased its position in shares of Union Pacific Co. (NYSE:UNP) by 6.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,465,329 shares of the railroad operator’s stock after buying an additional 85,827 shares during the period. The Manufacturers Life Insurance Company’s holdings in Union Pacific were worth $361,174,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairhaven Wealth Management LLC boosted its stake in shares of Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after acquiring an additional 43 shares in the last quarter. Chesapeake Wealth Management boosted its position in Union Pacific by 0.5% during the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after purchasing an additional 43 shares in the last quarter. Azzad Asset Management Inc. ADV grew its holdings in Union Pacific by 0.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock valued at $1,897,000 after purchasing an additional 44 shares during the period. Montecito Bank & Trust increased its position in shares of Union Pacific by 0.4% in the second quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator’s stock valued at $2,691,000 after buying an additional 45 shares in the last quarter. Finally, Traveka Wealth LLC raised its stake in shares of Union Pacific by 3.4% during the 3rd quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock worth $335,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Up 2.8 %

Shares of UNP opened at $249.29 on Tuesday. The company’s 50-day moving average price is $240.47 and its 200 day moving average price is $238.48. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The firm has a market cap of $151.13 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06.

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

Analyst Ratings Changes

A number of research firms recently issued reports on UNP. Wells Fargo & Company dropped their price target on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada cut their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their price target for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Barclays lifted their price objective on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned 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 price target of $259.80.

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.