Union Pacific Corporation $UNP Stock Position Lessened by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments cut its Union Pacific stake by 18.3% in the third quarter, selling 71,109 shares and retaining 317,766 shares worth about $86.6 million.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $325.09; 19 analysts rate the stock a Buy, while four rate it Hold.
• Union Pacific beat quarterly earnings and revenue estimates, reporting EPS of $3.53 and revenue of $7.20 billion; revenue rose 15.3% year over year.

Allspring Global Investments Holdings LLC cut its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 18.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 317,766 shares of the railroad operator's stock after selling 71,109 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.05% of Union Pacific worth $86,566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Beverly Hills Private Wealth LLC grew its holdings in shares of Union Pacific by 24.6% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 2,096 shares of the railroad operator's stock valued at $570,000 after buying an additional 414 shares during the period. University of Texas Texas AM Investment Management Co. lifted its stake in Union Pacific by 449.3% in the third quarter. University of Texas Texas AM Investment Management Co. now owns 10,778 shares of the railroad operator's stock valued at $2,933,000 after buying an additional 8,816 shares in the last quarter. Elite Wealth Management Inc. lifted its stake in Union Pacific by 191.1% in the third quarter. Elite Wealth Management Inc. now owns 17,876 shares of the railroad operator's stock valued at $4,865,000 after buying an additional 11,736 shares in the last quarter. M Holdings Securities Inc. bought a new stake in shares of Union Pacific during the third quarter worth $1,040,000. Finally, Avantax Planning Partners Inc. raised its holdings in shares of Union Pacific by 1.1% during the third quarter. Avantax Planning Partners Inc. now owns 5,165 shares of the railroad operator's stock worth $1,405,000 after acquiring an additional 56 shares during the period. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UNP has been the topic of several research reports. Weiss Ratings raised shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 9th. Jefferies Financial Group boosted their price target on shares of Union Pacific from $330.00 to $375.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $335.00 price target (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Erste Group Bank started coverage on Union Pacific in a research note on Thursday, August 27th. They set a "buy" rating on the stock. Finally, Robert W. Baird set a $310.00 price objective on Union Pacific and gave the company a "neutral" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $325.09.

Union Pacific Price Performance

Shares of NYSE UNP opened at $296.81 on Tuesday. The business's 50 day moving average price is $286.50 and its two-hundred day moving average price is $272.24. The company has a market cap of $176.38 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.84. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.32. Union Pacific Corporation has a twelve month low of $219.89 and a twelve month high of $315.99.

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

Union Pacific Profile

Union Pacific Corporation operates one of the largest freight rail networks in the United States through its subsidiary, Union Pacific Railroad. Its network serves 23 states across the western two-thirds of the country and connects with other railroads, ports and border crossings, including routes to Mexico and Canada.

The company transports a broad range of goods, including agricultural products, industrial materials, coal and energy products, and consumer merchandise. Its services support industries such as manufacturing, construction, agriculture, automotive and retail, with intermodal transportation combining rail with truck and shipping services.

Union Pacific traces its history to the Pacific Railway Act of 1862 and played a central role in building the first transcontinental railroad, completed in 1869.

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