Union Pacific Corporation $UNP Shares Sold by SVB Wealth LLC

SVB Wealth LLC reduced its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 12.9% in the third quarter, Holdings Channel reports. The institutional investor owned 27,931 shares of the railroad operator’s stock after selling 4,136 shares during the period. SVB Wealth LLC’s holdings in Union Pacific were worth $7,601,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Eastern Bank grew its holdings in Union Pacific by 2.6% during the third quarter. Eastern Bank now owns 214,567 shares of the railroad operator’s stock worth $58,390,000 after buying an additional 5,380 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Union Pacific by 9.4% during the 2nd quarter. QRG Capital Management Inc. now owns 102,949 shares of the railroad operator’s stock valued at $28,002,000 after acquiring an additional 8,842 shares in the last quarter. BNP Paribas lifted its stake in Union Pacific by 21.5% during the 2nd quarter. BNP Paribas now owns 60,465 shares of the railroad operator’s stock valued at $16,454,000 after acquiring an additional 10,706 shares in the last quarter. KBC Group NV lifted its stake in Union Pacific by 17.7% during the 2nd quarter. KBC Group NV now owns 108,489 shares of the railroad operator’s stock valued at $29,509,000 after acquiring an additional 16,295 shares in the last quarter. Finally, Axiom Investment Management LLC purchased a new position in Union Pacific during the 1st quarter worth $9,151,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Up 0.7%

Shares of Union Pacific stock opened at $304.29 on Friday. Union Pacific Corporation has a 1 year low of $219.89 and a 1 year high of $315.99. The firm has a market cap of $180.83 billion, a PE ratio of 23.72, a P/E/G ratio of 2.78 and a beta of 0.84. The stock has a fifty day moving average price of $286.99 and a 200-day moving average price of $273.31. 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 (NYSE:UNP) last released its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.06. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. 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 EPS. Equities research analysts anticipate that Union Pacific Corporation will post 13.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UNP. Benchmark upped their target price on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Royal Bank Of Canada set a $328.00 target price on shares of Union Pacific in a report on Friday, October 23rd. 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 report on Friday, July 24th. JPMorgan Chase & Co. cut their price target on shares of Union Pacific from $322.00 to $321.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. Finally, Barclays restated an “overweight” rating and set a $350.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.09.

Union Pacific 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.