Beutel Goodman & Co Ltd. Sells 39,831 Shares of Union Pacific Corporation $UNP

Key Points

• Beutel Goodman reduced its Union Pacific stake by 3.8%, selling 39,831 shares in the third quarter. It held 1,012,848 shares worth about $275.6 million at the end of the quarter.
• Union Pacific beat quarterly earnings and revenue estimates, reporting EPS of $3.53 and revenue of $7.20 billion; revenue rose 15.3% year over year.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $325.09.

Beutel Goodman & Co Ltd. lowered its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,012,848 shares of the railroad operator's stock after selling 39,831 shares during the quarter. Union Pacific comprises about 2.2% of Beutel Goodman & Co Ltd.'s portfolio, making the stock its 15th biggest holding. Beutel Goodman & Co Ltd. owned about 0.17% of Union Pacific worth $275,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc acquired a new stake in shares of Union Pacific during the second quarter valued at about $1,193,135,000. Canada Pension Plan Investment Board acquired a new position in shares of Union Pacific in the 2nd quarter worth approximately $1,094,677,000. Bank of America Corp DE lifted its holdings in shares of Union Pacific by 16.8% in the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator's stock worth $3,509,030,000 after acquiring an additional 2,084,808 shares during the last quarter. Jupiter Topco LLC purchased a new position in shares of Union Pacific during the 2nd quarter worth approximately $479,274,000. Finally, State Street Corp boosted its position in shares of Union Pacific by 4.9% during the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator's stock worth $7,586,243,000 after purchasing an additional 1,302,732 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

Shares of NYSE UNP opened at $296.81 on Tuesday. The stock's 50-day moving average is $286.50 and its two-hundred day moving average is $272.24. The company has a market cap of $176.38 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 3.05 and a beta of 0.84. Union Pacific Corporation has a 1-year low of $219.89 and a 1-year high of $315.99. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $0.06. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the previous year, the firm earned $3.08 earnings per share. The firm's quarterly revenue was up 15.3% on a year-over-year basis. Analysts forecast that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UNP has been the subject of several research reports. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the company a "neutral" rating in a report on Thursday, July 23rd. Evercore cut their target price on Union Pacific from $329.00 to $322.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 28th. Benchmark upped their price target on 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 price target on Union Pacific in a research report on Friday, October 23rd. Finally, Jefferies Financial Group lifted their price objective on Union Pacific from $330.00 to $375.00 and gave the company a "buy" rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.

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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