Union Pacific Corporation $UNP Stake Raised by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in Union Pacific Corporation (NYSE:UNP) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,793 shares of the railroad operator’s stock after purchasing an additional 2,719 shares during the quarter. Park Avenue Securities LLC’s holdings in Union Pacific were worth $10,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of UNP. Verdence Capital Advisors LLC boosted its stake in shares of Union Pacific by 6.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 15,296 shares of the railroad operator’s stock valued at $4,163,000 after purchasing an additional 869 shares in the last quarter. Patton Albertson Miller Group LLC boosted its stake in shares of Union Pacific by 0.8% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 22,139 shares of the railroad operator’s stock valued at $6,025,000 after purchasing an additional 178 shares in the last quarter. Miller Howard Investments Inc. NY grew its holdings in shares of Union Pacific by 1.9% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 32,673 shares of the railroad operator’s stock valued at $8,891,000 after purchasing an additional 616 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Union Pacific by 83.0% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,446 shares of the railroad operator’s stock valued at $393,000 after purchasing an additional 656 shares during the last quarter. Finally, Peterson Wealth Services grew its holdings in shares of Union Pacific by 24.8% during the 3rd quarter. Peterson Wealth Services now owns 25,841 shares of the railroad operator’s stock valued at $7,032,000 after purchasing an additional 5,143 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 1.1%

Union Pacific stock opened at $300.30 on Wednesday. The company has a market capitalization of $178.45 billion, a PE ratio of 23.41 and a beta of 0.95. Union Pacific Corporation has a 12 month low of $215.53 and a 12 month high of $315.99. The stock has a 50-day moving average price of $287.55 and a two-hundred day moving average price of $268.98.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.06. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.16 billion. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.08 earnings per share. As a group, analysts predict that Union Pacific Corporation will post 13.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UNP shares. Erste Group Bank began coverage on shares of Union Pacific in a research report on Thursday, August 27th. They set a “buy” rating for the company. Benchmark raised their target price on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Citigroup restated a “market outperform” rating on shares of Union Pacific in a research report on Friday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Friday. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $320.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $326.44.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.