Union Pacific Corporation $UNP Stock Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its Union Pacific holdings by 28,312% in the third quarter, acquiring 887,864 additional shares. It now owns 891,000 shares valued at approximately $242.5 million.
• Wall Street remains broadly positive on Union Pacific, with an average “Moderate Buy” rating and an average price target of $326.44; Susquehanna recently raised its target to $345.
• Union Pacific reported quarterly earnings of $3.53 per share, beating estimates, while revenue rose 15.3% year over year to $7.20 billion. Shares opened at $304, near their 52-week high of $315.99.

International Assets Investment Management LLC boosted its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 28,312.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 891,000 shares of the railroad operator's stock after buying an additional 887,864 shares during the period. Union Pacific makes up about 1.8% of International Assets Investment Management LLC's investment portfolio, making the stock its 7th largest position. International Assets Investment Management LLC owned about 0.15% of Union Pacific worth $242,468,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. John Boyer Inc. acquired a new position in Union Pacific in the 3rd quarter valued at approximately $27,000. Wiser Advisor Group LLC acquired a new stake in shares of Union Pacific during the 2nd quarter worth approximately $30,000. Scarborough Advisors LLC acquired a new stake in Union Pacific during the first quarter worth $27,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Union Pacific in the 2nd quarter valued at $34,000. Finally, Clark Wealth Partners lifted its holdings in shares of Union Pacific by 37.4% during the 3rd quarter. Clark Wealth Partners now owns 136 shares of the railroad operator's stock worth $37,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research note on Friday, October 23rd. TD Cowen reiterated a "buy" rating and issued a $328.00 price objective (up from $325.00) on shares of Union Pacific in a research note on Friday, October 23rd. Susquehanna increased their target price on Union Pacific from $333.00 to $345.00 and gave the stock a "positive" rating in a report on Tuesday. BMO Capital Markets restated a "market perform" rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Royal Bank Of Canada set a $328.00 target price on Union Pacific in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $326.44.

Union Pacific Price Performance

Shares of UNP stock opened at $304.00 on Friday. Union Pacific Corporation has a 1 year low of $216.32 and a 1 year high of $315.99. The firm's 50 day moving average is $287.51 and its 200-day moving average is $270.06. The firm has a market capitalization of $180.65 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.98 and a beta of 0.95. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32.

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

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.

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