Union Pacific Corporation $UNP Shares Sold by Lockheed Martin Investment Management Co.

Key Points

• Lockheed Martin Investment Management cut its Union Pacific stake by 33.1% in the third quarter, selling 18,190 shares and retaining 36,780 shares valued at about $10.0 million.
• 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’ consensus rating was “Moderate Buy”, with a consensus price target of $325.09.

Lockheed Martin Investment Management Co. lessened its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 33.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,780 shares of the railroad operator's stock after selling 18,190 shares during the quarter. Union Pacific accounts for about 0.7% of Lockheed Martin Investment Management Co.'s holdings, making the stock its 29th biggest position. Lockheed Martin Investment Management Co.'s holdings in Union Pacific were worth $10,009,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Union Pacific by 4.9% in the second quarter. State Street Corp now owns 27,890,598 shares of the railroad operator's stock worth $7,586,243,000 after buying an additional 1,302,732 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Union Pacific by 0.4% during the 2nd quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator's stock worth $3,951,497,000 after acquiring an additional 64,492 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Union Pacific during the 2nd quarter valued at about $1,193,135,000. Royal Bank of Canada increased its holdings in shares of Union Pacific by 0.5% during the 1st quarter. Royal Bank of Canada now owns 4,617,313 shares of the railroad operator's stock valued at $1,120,251,000 after acquiring an additional 23,698 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Union Pacific during the 2nd quarter valued at about $1,094,677,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Benchmark boosted their target price on Union Pacific from $325.00 to $335.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Weiss Ratings upgraded Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 9th. Sanford C. Bernstein increased their price target on Union Pacific from $346.00 to $347.00 and gave the company an "outperform" rating in a report on Tuesday, October 20th. UBS Group reissued a "buy" rating and issued a $339.00 price target (up from $310.00) on shares of Union Pacific in a research report on Friday, October 23rd. Finally, Citigroup restated a "market outperform" rating on shares of Union Pacific in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $325.09.

Union Pacific Price Performance

NYSE:UNP opened at $296.81 on Tuesday. 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 Corporation has a one year low of $219.89 and a one year high of $315.99. The company has a fifty day moving average price of $286.50 and a 200 day moving average price of $272.24. The stock has a market cap of $176.38 billion, a P/E ratio of 23.13, a PEG ratio of 3.05 and a beta of 0.84.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the business posted $3.08 EPS. The business's quarterly revenue was up 15.3% on a year-over-year basis. Analysts anticipate that Union Pacific Corporation will post 13.13 earnings per share for the current year.

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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