Pittenger & Anderson Inc. Grows Position in Union Pacific Corporation $UNP

Key Points

• Pittenger & Anderson Inc. increased its stake in Union Pacific Corporation by 5.9%, owning 96,955 shares valued at approximately $22.3 million after an additional purchase.
• Brokerages have mixed ratings on Union Pacific, with Citi maintaining a buy rating and a price target increase to $263, while others have downgraded or reduced their price objectives.
• Union Pacific reported a quarterly earnings per share (EPS) of $3.03, exceeding analysts' expectations, and generated $6.15 billion in revenue during the same period.

Pittenger & Anderson Inc. raised its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,955 shares of the railroad operator's stock after buying an additional 5,410 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Union Pacific were worth $22,307,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UNP. GAMMA Investing LLC raised its stake in Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock valued at $2,491,000 after buying an additional 1,520 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Union Pacific by 83.3% during the first quarter. Exchange Traded Concepts LLC now owns 792 shares of the railroad operator's stock valued at $187,000 after buying an additional 360 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Union Pacific by 1.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,018 shares of the railroad operator's stock valued at $16,305,000 after buying an additional 934 shares during the last quarter. Jmac Enterprises LLC raised its stake in Union Pacific by 84.6% during the first quarter. Jmac Enterprises LLC now owns 1,661 shares of the railroad operator's stock valued at $392,000 after buying an additional 761 shares during the last quarter. Finally, Whalen Wealth Management Inc. purchased a new position in Union Pacific during the first quarter valued at $846,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on UNP. Citigroup reiterated a "buy" rating and set a $263.00 price objective (up previously from $251.00) on shares of Union Pacific in a research note on Monday, October 13th. Evercore ISI lowered their price objective on Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a research note on Friday, July 25th. Argus cut Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. UBS Group set a $253.00 price target on Union Pacific and gave the stock a "neutral" rating in a research note on Friday, October 3rd. Finally, Barclays cut Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $261.58.

Union Pacific Stock Up 0.6%

UNP stock opened at $227.37 on Tuesday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The business has a fifty day moving average price of $224.87 and a 200-day moving average price of $224.12. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The stock has a market capitalization of $134.86 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.35 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.74 earnings per share. Equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.