Sumitomo Mitsui Trust Group Inc. Boosts Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in Union Pacific Corporation by 2.2% in the 2nd quarter, owning approximately 1.43 million shares valued at $329.19 million.
• Union Pacific's stock has had a mixed reception from analysts, with current ratings indicating a consensus of "Moderate Buy" and an average target price of $261.67.
• The company reported earnings of $3.08 per share for its latest quarter, surpassing expectations and showing a 2.5% increase in revenue year-over-year.

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430,775 shares of the railroad operator's stock after purchasing an additional 30,539 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Union Pacific worth $329,193,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in shares of Union Pacific during the 1st quarter valued at approximately $32,000. WPG Advisers LLC purchased a new position in shares of Union Pacific during the 1st quarter valued at approximately $33,000. GFG Capital LLC purchased a new position in shares of Union Pacific during the 2nd quarter valued at approximately $38,000. Finally, Cornerstone Planning Group LLC grew its stake in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after acquiring an additional 56 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of research analyst reports. Loop Capital raised shares of Union Pacific from a "sell" rating to a "hold" rating and lifted their price target for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. BMO Capital Markets dropped their price target on shares of Union Pacific from $277.00 to $275.00 and set an "outperform" rating on the stock in a research note on Friday. Evercore ISI dropped their price target on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research note on Friday, July 25th. Baird R W raised shares of Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Finally, Barclays cut shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $261.67.

Union Pacific Trading Down 0.8%

Shares of UNP opened at $218.36 on Friday. The firm's fifty day moving average is $225.03 and its two-hundred day moving average is $224.22. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The stock has a market cap of $129.51 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. The firm had revenue of $6.24 billion for the quarter, compared to analysts' expectations of $6.24 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.75 EPS. Research 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.

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