Union Pacific Corporation $UNP Shares Sold by Mcdonald Capital Investors Inc. CA

Key Points

• Mcdonald Capital Investors reduced its Union Pacific stake by 11.7% in the third quarter, selling 24,578 shares and retaining 185,244 shares valued at approximately $50.4 million.
• Other institutional investors generally increased their positions, and institutions collectively own 80.38% of Union Pacific.
• Union Pacific reported quarterly EPS of $3.53 and revenue of $7.20 billion, beating estimates and increasing revenue 15.3% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $326.44.

Mcdonald Capital Investors Inc. CA cut its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 11.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,244 shares of the railroad operator's stock after selling 24,578 shares during the period. Union Pacific makes up 4.1% of Mcdonald Capital Investors Inc. CA's investment portfolio, making the stock its 12th biggest holding. Mcdonald Capital Investors Inc. CA's holdings in Union Pacific were worth $50,410,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Eastern Bank raised its holdings in Union Pacific by 2.6% in the 3rd 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 during the period. BNP Paribas lifted its position 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 acquiring an additional 10,706 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Union Pacific by 9.4% during the second quarter. QRG Capital Management Inc. now owns 102,949 shares of the railroad operator's stock valued at $28,002,000 after acquiring an additional 8,842 shares during the period. KBC Group NV boosted its holdings in Union Pacific by 17.7% during the second quarter. KBC Group NV now owns 108,489 shares of the railroad operator's stock valued at $29,509,000 after acquiring an additional 16,295 shares during the period. Finally, Axiom Investment Management LLC bought a new stake in Union Pacific during the first quarter valued at about $9,151,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

NYSE UNP opened at $300.30 on Wednesday. The firm has a market capitalization of $178.45 billion, a price-to-earnings ratio of 23.41 and a beta of 0.95. The company's fifty day moving average is $287.55 and its two-hundred day moving average is $268.98. Union Pacific Corporation has a 52-week low of $215.53 and a 52-week high of $315.99.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UNP shares. Benchmark raised their price target on Union Pacific from $325.00 to $335.00 and gave the company a "buy" rating in a research report on Friday, July 24th. BMO Capital Markets reissued a "market perform" rating and set a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. UBS Group reissued a "buy" rating on shares of Union Pacific in a research report on Friday. Erste Group Bank initiated coverage on Union Pacific in a research note on Thursday, August 27th. They set a "buy" rating for the company. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Union Pacific currently has an average rating of "Moderate Buy" and a consensus target price of $326.44.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.