4,422 Union Pacific Corporation $UNP Shares Purchased by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. lifted its stake in Union Pacific Corporation (NYSE:UNP) by 214.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,483 shares of the railroad operator’s stock after buying an additional 4,422 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in Union Pacific were worth $1,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UNP. State Street Corp grew its stake in Union Pacific by 4.9% during the second quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock valued at $7,586,243,000 after acquiring an additional 1,302,732 shares in the last quarter. Bank of America Corp DE increased its holdings in Union Pacific by 0.4% in the 2nd quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator’s stock valued at $3,951,497,000 after acquiring an additional 64,492 shares during the last quarter. Royal Bank of Canada lifted its stake in Union Pacific by 0.5% in the 1st quarter. Royal Bank of Canada now owns 4,617,313 shares of the railroad operator’s stock worth $1,120,251,000 after purchasing an additional 23,698 shares in the last quarter. Legal & General Group Plc purchased a new stake in Union Pacific in the 2nd quarter worth $1,193,135,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Union Pacific in the 2nd quarter worth $1,094,677,000. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. UBS Group reaffirmed a “buy” rating on shares of Union Pacific in a report on Friday, October 23rd. Susquehanna boosted their target price on Union Pacific from $333.00 to $345.00 and gave the stock a “positive” rating in a research report on Tuesday, October 27th. Citizens Jmp began coverage on Union Pacific in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 target price on the stock. Finally, BMO Capital Markets reissued a “market perform” rating and set a $320.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Two equities research 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. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $326.44.

Union Pacific Trading Up 0.9%

Shares of NYSE UNP opened at $306.85 on Tuesday. The business’s 50 day moving average is $287.48 and its two-hundred day moving average is $270.45. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.16 and a quick ratio of 0.99. Union Pacific Corporation has a 1-year low of $216.32 and a 1-year high of $315.99. The stock has a market capitalization of $182.34 billion, a P/E ratio of 23.92, a PEG ratio of 2.94 and a beta of 0.95.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data 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. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.08 earnings per share. As a group, research analysts expect that Union Pacific Corporation will post 13.13 EPS for the current year.

Union Pacific Company 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.