5,525 Union Pacific Corporation $UNP Shares Sold by Conning Inc.

Key Points

• Conning Inc. reduced its Union Pacific stake by 3.9%, selling 5,525 shares in the third quarter and retaining 136,428 shares valued at approximately $37.1 million.
• Institutional ownership remains high at 80.38%, with several investors—including Asset Management One and Generali Asset Management—boosting their positions.
• Union Pacific exceeded quarterly earnings and revenue expectations, reporting $3.53 EPS and $7.20 billion in revenue. Analysts maintain a “Moderate Buy” consensus, with an average price target of $326.44 versus the reported share price of $297.08.

Conning Inc. decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,428 shares of the railroad operator's stock after selling 5,525 shares during the period. Conning Inc.'s holdings in Union Pacific were worth $37,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UNP. Victory Financial Group LLC boosted its holdings in Union Pacific by 143.2% in the 3rd quarter. Victory Financial Group LLC now owns 1,829 shares of the railroad operator's stock worth $498,000 after buying an additional 1,077 shares during the last quarter. Busey Bank increased its stake in Union Pacific by 1.0% during the 3rd quarter. Busey Bank now owns 9,500 shares of the railroad operator's stock worth $2,585,000 after buying an additional 91 shares in the last quarter. Generali Asset Management SPA SGR raised its holdings in shares of Union Pacific by 3.4% during the third quarter. Generali Asset Management SPA SGR now owns 60,579 shares of the railroad operator's stock valued at $16,485,000 after acquiring an additional 1,972 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Union Pacific by 8.5% during the third quarter. Asset Management One Co. Ltd. now owns 296,450 shares of the railroad operator's stock valued at $80,673,000 after acquiring an additional 23,214 shares during the last quarter. Finally, John Boyer Inc. purchased a new position in shares of Union Pacific in the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Down 0.9%

Shares of NYSE UNP opened at $297.08 on Thursday. The stock has a market cap of $176.54 billion, a PE ratio of 23.16, a P/E/G ratio of 2.89 and a beta of 0.95. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32. Union Pacific Corporation has a 12-month low of $215.53 and a 12-month high of $315.99. The company has a 50-day moving average of $287.51 and a 200 day moving average of $269.32.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.06. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.16 billion. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The business's revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $3.08 EPS. As a group, sell-side analysts predict that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UNP. Bank of America lifted their price target on Union Pacific from $301.00 to $334.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $317.00 price target on Union Pacific and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Stephens raised Union Pacific to a "strong-buy" rating in a research note on Wednesday, July 8th. Erste Group Bank initiated coverage on Union Pacific in a report on Thursday, August 27th. They issued a "buy" rating on the stock. Finally, Susquehanna raised their price objective on Union Pacific from $333.00 to $345.00 and gave the company a "positive" rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.

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