Union Pacific Corporation $UNP Stock: Asset Management One Co. Ltd. Raises Stake

Key Points

• Asset Management One increased its Union Pacific stake by 8.5% in the third quarter, adding 23,214 shares to hold 296,450 shares valued at approximately $80.7 million.
• Institutional investors own 80.38% of Union Pacific, with State Street and Bank of America among the company’s largest shareholders.
• Union Pacific reported quarterly EPS of $3.53 and revenue of $7.20 billion, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $326.44.

Asset Management One Co. Ltd. grew its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 296,450 shares of the railroad operator's stock after buying an additional 23,214 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Union Pacific were worth $80,673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its holdings in Union Pacific by 4.9% in the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator's stock worth $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 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 last quarter. Legal & General Group Plc purchased a new stake in Union Pacific during the 2nd quarter valued at $1,193,135,000. Royal Bank of Canada boosted its stake in 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 purchasing an additional 23,698 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Union Pacific during the 2nd quarter valued at $1,094,677,000. Institutional investors own 80.38% of the company's stock.

Union Pacific Trading Up 1.1%

Shares of UNP stock opened at $300.30 on Wednesday. Union Pacific Corporation has a 12-month low of $215.53 and a 12-month high of $315.99. The stock has a market capitalization of $178.45 billion, a P/E ratio of 23.41 and a beta of 0.95. The firm's 50 day moving average is $287.55 and its 200 day moving average is $268.98.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $3.53 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.06. The firm had revenue of $7.20 billion for the quarter, compared to analysts' expectations of $7.16 billion. The firm's revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.08 EPS. As a group, equities analysts predict that Union Pacific Corporation will post 13.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on UNP. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a report on Friday. JPMorgan Chase & Co. lowered their price target on Union Pacific from $322.00 to $321.00 and set a "neutral" rating on the stock in a report on Friday, October 23rd. Benchmark upped their price target on Union Pacific from $325.00 to $335.00 and gave the company a "buy" rating in a report on Friday, July 24th. UBS Group reaffirmed a "buy" rating on shares of Union Pacific in a research report on Friday. Finally, Stephens upgraded Union Pacific to a "strong-buy" rating in a report on Wednesday, July 8th. 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. Based on data from MarketBeat, Union Pacific has a consensus 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.

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