Union Pacific Corporation $UNP Stock Acquired by GRIMES & Co WEALTH MANAGEMENT LLC

Key Points

• GRIMES & Co Wealth Management increased its Union Pacific stake by 32.6% in the third quarter, adding 3,459 shares to hold 14,080 shares valued at about $3.83 million.
• Institutional investors own 80.38% of Union Pacific shares. Analysts have a consensus “Moderate Buy” rating and an average price target of $326.44.
• Union Pacific beat quarterly earnings and revenue expectations, reporting EPS of $3.53 and revenue of $7.20 billion; revenue rose 15.3% year over year.

GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 32.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,080 shares of the railroad operator's stock after acquiring an additional 3,459 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Union Pacific were worth $3,831,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings 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 purchasing an additional 1,302,732 shares during the last quarter. Bank of America Corp DE increased its holdings in 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 valued at $3,951,497,000 after purchasing an additional 64,492 shares during the period. Legal & General Group Plc bought a new position in shares of Union Pacific during the second quarter valued at approximately $1,193,135,000. Royal Bank of Canada raised its holdings in 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 purchasing an additional 23,698 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Union Pacific in the second quarter worth about $1,094,677,000. 80.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citizens Jmp began coverage on Union Pacific in a report on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 price objective for the company. Erste Group Bank began coverage on shares of Union Pacific in a report on Thursday, August 27th. They issued a "buy" rating for the company. Royal Bank Of Canada set a $328.00 target price on Union Pacific in a research report on Friday, October 23rd. Bank of America increased their price target on Union Pacific from $301.00 to $334.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Finally, Barclays reiterated an "overweight" rating and issued a $350.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $326.44.

Union Pacific Trading Down 1.1%

Shares of UNP stock opened at $303.62 on Wednesday. Union Pacific Corporation has a 52-week low of $216.32 and a 52-week 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 firm has a market capitalization of $180.43 billion, a PE ratio of 23.66, a PEG ratio of 3.03 and a beta of 0.84. The stock has a fifty day simple moving average of $287.36 and a two-hundred day simple moving average of $270.83.

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

Union Pacific Company 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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