Union Pacific Corporation $UNP Shares Sold by Maj Invest Holding A S

Key Points

• Maj Invest Holding A S reduced its Union Pacific stake by 1.8% in the third quarter, selling 6,184 shares and retaining 342,987 shares worth approximately $93.3 million. Institutional investors collectively own 80.38% of the company.
• Analysts remain broadly positive on Union Pacific, with a consensus rating of “Moderate Buy” and an average price target of $326.44; Susquehanna and Barclays recently raised their targets to $345 and $350, respectively.
• Union Pacific reported quarterly EPS of $3.53, exceeding estimates, while revenue reached $7.20 billion—up 15.3% year over year. The stock opened at $297.08, near its 12-month high of $315.99.

Maj Invest Holding A S trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 1.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 342,987 shares of the railroad operator's stock after selling 6,184 shares during the period. Union Pacific comprises approximately 4.1% of Maj Invest Holding A S's investment portfolio, making the stock its 13th biggest position. Maj Invest Holding A S's holdings in Union Pacific were worth $93,337,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Union Pacific by 4.9% during the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator's stock valued at $7,586,243,000 after acquiring 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 in the 2nd quarter worth $1,193,135,000. Royal Bank of Canada grew its holdings in shares of Union Pacific by 0.5% in the 1st quarter. Royal Bank of Canada now owns 4,617,313 shares of the railroad operator's stock worth $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 in the 2nd quarter worth $1,094,677,000. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of recent analyst reports. Susquehanna boosted their target price on Union Pacific from $333.00 to $345.00 and gave the stock a "positive" rating in a research report on Tuesday. Weiss Ratings upgraded Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 9th. UBS Group reissued a "buy" rating on shares of Union Pacific in a research note on Friday, October 23rd. Erste Group Bank initiated coverage on Union Pacific in a research note on Thursday, August 27th. They issued a "buy" rating on the stock. Finally, Barclays restated an "overweight" rating and set a $350.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $326.44.

Union Pacific Trading Down 0.9%

NYSE UNP opened at $297.08 on Thursday. Union Pacific Corporation has a twelve month low of $215.53 and a twelve month high of $315.99. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 1.16. The stock has a market cap of $176.54 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.89 and a beta of 0.95. The firm's 50 day moving average price is $287.51 and its two-hundred day moving average price is $269.32.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.06. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.16 billion. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The company's revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.08 EPS. Equities analysts anticipate that Union Pacific Corporation will post 13.13 EPS for the current year.

About Union Pacific

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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