Union Pacific Corporation $UNP Stock Sold by Alps Advisors Inc.

Key Points

• Alps Advisors reduced its Union Pacific stake by 10.3% in the third quarter, selling 4,138 shares. It held 36,108 shares valued at $9.826 million at quarter-end.
• Union Pacific reported quarterly EPS of $3.53, beating the $3.47 estimate, while revenue rose 15.3% year over year to $7.20 billion.
• Analysts have a “Moderate Buy” consensus on the stock, with an average price target of $325.09; 19 rate it Buy, one Strong Buy, and four Hold.

Alps Advisors Inc. trimmed its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 10.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 36,108 shares of the railroad operator's stock after selling 4,138 shares during the quarter. Alps Advisors Inc.'s holdings in Union Pacific were worth $9,826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UNP. State Street Corp raised its holdings in shares of Union Pacific by 4.9% during the second 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 raised 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 buying an additional 64,492 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of 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 buying an additional 23,698 shares during the period. Legal & General Group Plc bought a new position in shares of Union Pacific during the 2nd quarter valued at $1,193,135,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Union Pacific during the 2nd quarter valued at $1,094,677,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Trading Down 2.5%

Shares of NYSE:UNP opened at $290.50 on Friday. Union Pacific Corporation has a 1 year low of $218.20 and a 1 year high of $315.99. The firm has a market capitalization of $172.63 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.87 and a beta of 0.84. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.16 and a quick ratio of 0.99. The business's 50 day moving average price is $286.72 and its 200-day moving average price is $271.90.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results 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 net margin of 28.90% and a return on equity of 37.54%. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same quarter last year, the business earned $3.08 earnings per share. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. On average, equities research analysts forecast that Union Pacific Corporation will post 13.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UNP has been the subject of a number of research reports. Robert W. Baird set a $310.00 target price on Union Pacific and gave the company a "neutral" rating in a research report on Thursday. Erste Group Bank assumed coverage on shares of Union Pacific in a research note on Thursday, August 27th. They issued a "buy" rating on the stock. Stephens raised their target price on shares of Union Pacific from $340.00 to $352.00 and gave the stock an "overweight" rating in a report on Thursday, October 22nd. Citizens Jmp assumed coverage on shares of Union Pacific in a report on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 target price for the company. Finally, The Goldman Sachs Group set a $317.00 price target on shares of Union Pacific and gave the stock a "neutral" rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $325.09.

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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