Union Pacific Corporation $UNP Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 15.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,550 shares of the railroad operator’s stock after acquiring an additional 4,776 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Union Pacific were worth $9,946,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc acquired a new stake in shares of Union Pacific in the second quarter valued at approximately $1,193,135,000. Canada Pension Plan Investment Board bought a new stake in shares of Union Pacific in the second quarter valued at approximately $1,094,677,000. Bank of America Corp DE boosted its stake in shares of Union Pacific by 16.8% in the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock valued at $3,509,030,000 after buying an additional 2,084,808 shares during the period. Jupiter Topco LLC acquired a new stake in Union Pacific during the second quarter worth approximately $479,274,000. Finally, State Street Corp grew its position 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 worth $7,586,243,000 after buying an additional 1,302,732 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Up 0.7%

Shares of NYSE:UNP opened at $304.29 on Friday. The company has a fifty day moving average of $286.99 and a 200-day moving average of $273.31. The company has a market capitalization of $180.83 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 2.78 and a beta of 0.84. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 1.16. Union Pacific Corporation has a 52-week low of $219.89 and a 52-week high of $315.99.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.06. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter last year, the business posted $3.08 EPS. Union Pacific’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities analysts predict that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of recent research reports. Erste Group Bank assumed coverage on Union Pacific in a research note on Thursday, August 27th. They set a “buy” rating on the stock. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the company a “neutral” rating in a report on Thursday, July 23rd. Robert W. Baird set a $310.00 target price on Union Pacific and gave the stock a “neutral” rating in a report on Thursday, November 5th. Rothschild & Co Redburn increased their target price on Union Pacific from $313.00 to $323.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Finally, Barclays restated an “overweight” rating and issued a $350.00 price target (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. 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 stock. According to data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $325.09.

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.