11,736 Union Pacific Corporation $UNP Shares Purchased by Elite Wealth Management Inc.

Key Points

• Elite Wealth Management increased its Union Pacific stake by 191.1% in the third quarter, buying 11,736 shares and bringing its total to 17,876 shares, worth about $4.9 million. Institutional investors collectively own 80.38% of the company.
• Union Pacific beat quarterly earnings expectations, reporting EPS of $3.53 versus $3.47 forecast and revenue of $7.20 billion, up 15.3% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $325.09; shares were reported at $290.50.

Elite Wealth Management Inc. raised its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 191.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,876 shares of the railroad operator's stock after buying an additional 11,736 shares during the period. Union Pacific accounts for approximately 0.9% of Elite Wealth Management Inc.'s portfolio, making the stock its 28th biggest holding. Elite Wealth Management Inc.'s holdings in Union Pacific were worth $4,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M Holdings Securities Inc. acquired a new position in Union Pacific during the third quarter valued at approximately $1,040,000. Avantax Planning Partners Inc. raised its position in shares of Union Pacific by 1.1% in the third quarter. Avantax Planning Partners Inc. now owns 5,165 shares of the railroad operator's stock valued at $1,405,000 after purchasing an additional 56 shares during the period. Brighton Jones LLC raised its position in shares of Union Pacific by 1.0% in the third quarter. Brighton Jones LLC now owns 16,573 shares of the railroad operator's stock valued at $4,510,000 after purchasing an additional 159 shares during the period. American State Bank Iowa raised its position in shares of Union Pacific by 6.2% in the third quarter. American State Bank Iowa now owns 5,233 shares of the railroad operator's stock valued at $1,424,000 after purchasing an additional 305 shares during the period. Finally, Ethic Inc. lifted its stake in shares of Union Pacific by 5.0% in the third quarter. Ethic Inc. now owns 33,135 shares of the railroad operator's stock worth $9,017,000 after buying an additional 1,587 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Stock Up 0.1%

Shares of UNP stock opened at $290.50 on Monday. Union Pacific Corporation has a 12 month low of $218.20 and a 12 month high of $315.99. The firm has a market cap of $172.63 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.67 and a beta of 0.84. The stock has a 50 day moving average of $286.72 and a 200-day moving average of $271.90. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.32.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 28.90% and a return on equity of 37.54%. Union Pacific's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company posted $3.08 earnings per share. On average, equities analysts predict that Union Pacific Corporation will post 13.13 EPS for the current year.

Analyst Ratings Changes

UNP has been the subject of a number of analyst reports. Citigroup restated a "market outperform" rating on shares of Union Pacific in a research note on Friday, October 23rd. Weiss Ratings upgraded shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 9th. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Bank of America upped their price target on shares of Union Pacific from $301.00 to $334.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Finally, Susquehanna raised their price target on Union Pacific from $333.00 to $345.00 and gave the company a "positive" rating in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.

Union Pacific traces its history to the Pacific Railway Act of 1862 and played a central role in building the first transcontinental railroad, completed in 1869.

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