Union Pacific Corporation $UNP Shares Bought by Vest Financial LLC

Key Points

• Vest Financial LLC increased its stake in Union Pacific Corporation by 39.3% in the second quarter, acquiring an additional 2,746 shares, raising its total holdings to 9,738 shares valued at $2,241,000.
• Union Pacific posted a quarterly EPS of $3.03, exceeding expectations, alongside a revenue of $6.15 billion, reflecting a year-over-year increase of 2.4%.
• As of now, 80.38% of Union Pacific's stock is held by institutional investors, with various firms adjusting their positions, indicating strong institutional confidence in the company.

Vest Financial LLC raised its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 39.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,738 shares of the railroad operator's stock after acquiring an additional 2,746 shares during the period. Vest Financial LLC's holdings in Union Pacific were worth $2,241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Northern Trust Corp increased its holdings in Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock valued at $1,678,575,000 after buying an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Union Pacific by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator's stock worth $1,641,715,000 after purchasing an additional 354,463 shares during the period. Royal Bank of Canada boosted its position in shares of Union Pacific by 1.7% during the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator's stock worth $1,206,191,000 after purchasing an additional 86,292 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock worth $1,092,893,000 after buying an additional 452,788 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Union Pacific in the 1st quarter valued at $988,822,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

NYSE:UNP opened at $227.10 on Wednesday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a 50-day moving average of $224.61 and a 200-day moving average of $224.27. The firm has a market cap of $134.70 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate 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 net margin of 28.43% and a return on equity of 41.73%. The business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company posted $2.74 earnings per share. Analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UNP shares. Argus downgraded shares of Union Pacific from a "buy" rating to a "hold" rating in a research report on Tuesday, August 12th. Susquehanna reissued a "positive" rating and issued a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. JPMorgan Chase & Co. lowered their target price on shares of Union Pacific from $267.00 to $265.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. UBS Group set a $253.00 price target on shares of Union Pacific and gave the stock a "neutral" rating in a research report on Friday, October 3rd. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Union Pacific in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $261.58.

Union Pacific Profile

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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