Union Pacific Corporation $UNP Stock: Fisher Asset Management LLC Trims Holdings

Fisher Asset Management LLC cut its stake in Union Pacific Corporation (NYSE:UNP) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,564,945 shares of the railroad operator’s stock after selling 13,814 shares during the quarter. Fisher Asset Management LLC owned approximately 1.10% of Union Pacific worth $1,786,519,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UNP. Russell Investments Group Ltd. boosted its holdings in Union Pacific by 22.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 593,219 shares of the railroad operator’s stock worth $161,481,000 after buying an additional 107,587 shares during the last quarter. Barr E S & Co. increased its stake in Union Pacific by 15.2% during the 3rd quarter. Barr E S & Co. now owns 1,666 shares of the railroad operator’s stock worth $453,000 after buying an additional 220 shares in the last quarter. IAG Wealth Partners LLC raised its holdings in shares of Union Pacific by 560.0% during the third quarter. IAG Wealth Partners LLC now owns 825 shares of the railroad operator’s stock valued at $225,000 after acquiring an additional 700 shares during the last quarter. Eurizon Capital SGR S.p.A. raised its holdings in shares of Union Pacific by 10.8% during the third quarter. Eurizon Capital SGR S.p.A. now owns 759,543 shares of the railroad operator’s stock valued at $207,178,000 after acquiring an additional 73,883 shares during the last quarter. Finally, PBU The Pension Fund of Early Childhood & Youth Educators raised its holdings in shares of Union Pacific by 9.5% during the third quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 78,052 shares of the railroad operator’s stock valued at $21,240,000 after acquiring an additional 6,791 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UNP shares. Rothschild & Co Redburn raised their target price on Union Pacific from $313.00 to $323.00 and gave the company a “buy” rating in a research report on Tuesday, October 27th. Barclays reiterated an “overweight” rating and set a $350.00 price target (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. JPMorgan Chase & Co. reduced their price objective on Union Pacific from $322.00 to $321.00 and set a “neutral” rating for the company in a research note on Friday, October 23rd. Robert W. Baird set a $310.00 price objective on Union Pacific and gave the company a “neutral” rating in a report on Thursday, November 5th. Finally, TD Cowen reaffirmed a “buy” rating and set a $328.00 target price (up from $325.00) on shares of Union Pacific in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $325.09.

Union Pacific Trading Up 0.7%

UNP opened at $304.29 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.16 and a quick ratio of 0.99. The company’s 50 day simple moving average is $286.99 and its two-hundred day simple moving average is $273.31. Union Pacific Corporation has a 1-year low of $219.89 and a 1-year high of $315.99. The firm has a market capitalization of $180.83 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.78 and a beta of 0.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.06. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period in the prior year, the business earned $3.08 earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year. Analysts expect that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

Union Pacific Company Profile

Union Pacific Corporation operates one of the largest freight rail networks in the United States through its subsidiary, Union Pacific Railroad. Its network serves 23 states across the western two-thirds of the country and connects with other railroads, ports and border crossings, including routes to Mexico and Canada. The company transports a broad range of goods, including agricultural products, industrial materials, coal and energy products, and consumer merchandise. Its services support industries such as manufacturing, construction, agriculture, automotive and retail, with intermodal transportation combining rail with truck and shipping services.