Union Pacific Corporation $UNP Stock: Bank Julius Baer & Co. Ltd Zurich Cuts Holdings

Key Points

• Bank Julius Baer reduced its Union Pacific stake by 37.1% in the third quarter, selling 17,132 shares and retaining 29,089 shares valued at approximately $7.9 million. Institutional investors and hedge funds collectively own 80.38% of the company.
• Analysts remain broadly positive, with Union Pacific holding a consensus “Moderate Buy” rating and an average price target of $326.44; recent targets range up to $335.
• Union Pacific exceeded quarterly expectations, reporting $3.53 in earnings per share versus a $3.47 estimate and $7.20 billion in revenue. Revenue increased 15.3% year over year, while the stock opened at $306.85, near its 12-month high of $315.99.

Bank Julius Baer & Co. Ltd Zurich lessened its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 37.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,089 shares of the railroad operator's stock after selling 17,132 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Union Pacific were worth $7,916,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased 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 worth $7,586,243,000 after purchasing an additional 1,302,732 shares during the last quarter. Bank of America Corp DE lifted its position in Union Pacific by 0.4% in the second 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 buying an additional 64,492 shares during the last quarter. Royal Bank of Canada boosted its stake in Union Pacific by 0.5% during the first quarter. Royal Bank of Canada now owns 4,617,313 shares of the railroad operator's stock worth $1,120,251,000 after buying an additional 23,698 shares during the period. Legal & General Group Plc purchased a new position in Union Pacific during the second quarter worth about $1,193,135,000. Finally, Canada Pension Plan Investment Board purchased a new position in Union Pacific during the second quarter worth about $1,094,677,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UNP. Benchmark lifted their price target on shares of Union Pacific from $325.00 to $335.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Erste Group Bank began coverage on shares of Union Pacific in a report on Thursday, August 27th. They issued a "buy" rating on the stock. The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. TD Cowen reiterated a "buy" rating and issued a $328.00 target price (up from $325.00) on shares of Union Pacific in a report on Friday, October 23rd. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $335.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Two research 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 stock. According to data from MarketBeat.com, Union Pacific has an average rating of "Moderate Buy" and a consensus target price of $326.44.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $306.85 on Tuesday. The business has a 50-day moving average of $287.48 and a 200 day moving average of $270.45. Union Pacific Corporation has a 12 month low of $216.32 and a 12 month high of $315.99. The stock has a market capitalization of $182.34 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 2.94 and a beta of 0.95. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.16 and a quick ratio of 0.99.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share 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 the consensus estimate of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. Union Pacific's revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.08 EPS. As a group, sell-side analysts forecast that Union Pacific Corporation will post 13.13 earnings per share for the current 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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