Union Pacific Corporation $UNP Shares Acquired by Harrison Street Private Wealth LLC

Key Points

• Harrison Street Private Wealth LLC increased its Union Pacific stake by 19% in the third quarter, bringing its holdings to 24,822 shares valued at approximately $6.76 million. Institutional investors collectively own 80.38% of the company.
• Wall Street remains broadly positive, with Union Pacific receiving a “Moderate Buy” consensus rating and an average price target of $326.44; recent targets range from $320 to $350.
• Union Pacific shares traded at $300.30, while the company’s latest quarterly results exceeded expectations: earnings were $3.53 per share versus $3.47 expected, and revenue rose 15.3% year over year to $7.20 billion.

Harrison Street Private Wealth LLC increased its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 19.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,822 shares of the railroad operator's stock after buying an additional 3,960 shares during the period. Union Pacific comprises approximately 9.2% of Harrison Street Private Wealth LLC's holdings, making the stock its biggest holding. Harrison Street Private Wealth LLC's holdings in Union Pacific were worth $6,755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank lifted its stake in shares of Union Pacific by 2.6% in the third quarter. Eastern Bank now owns 214,567 shares of the railroad operator's stock worth $58,390,000 after acquiring an additional 5,380 shares in the last quarter. BNP Paribas increased its holdings in Union Pacific by 21.5% during the 2nd quarter. BNP Paribas now owns 60,465 shares of the railroad operator's stock worth $16,454,000 after purchasing an additional 10,706 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Union Pacific by 9.4% in the 2nd quarter. QRG Capital Management Inc. now owns 102,949 shares of the railroad operator's stock valued at $28,002,000 after purchasing an additional 8,842 shares in the last quarter. KBC Group NV raised its position in shares of Union Pacific by 17.7% in the 2nd quarter. KBC Group NV now owns 108,489 shares of the railroad operator's stock valued at $29,509,000 after purchasing an additional 16,295 shares in the last quarter. Finally, Axiom Investment Management LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at approximately $9,151,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Wall Street Analyst Weigh In

UNP has been the subject of several research analyst reports. UBS Group reiterated a "buy" rating on shares of Union Pacific in a research note on Friday. 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. Wells Fargo & Company reiterated an "overweight" rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. BMO Capital Markets reiterated a "market perform" rating and set a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Citizens Jmp began coverage on shares of Union Pacific in a report on Wednesday, July 15th. They set an "outperform" rating and a $350.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $326.44.

Union Pacific Trading Up 1.1%

NYSE:UNP opened at $300.30 on Wednesday. The firm has a market capitalization of $178.45 billion, a PE ratio of 23.41 and a beta of 0.95. Union Pacific Corporation has a 52 week low of $215.53 and a 52 week high of $315.99. The stock has a 50 day moving average of $287.55 and a 200-day moving average of $268.98.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same period last year, the company earned $3.08 earnings per share. The business's quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts predict that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

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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