Union Pacific Corporation $UNP Stock: Sumitomo Mitsui Trust Group Inc. Reduces Position

Key Points

• Sumitomo Mitsui Trust Group reduced its Union Pacific position by 2.8% in the third quarter, selling 36,065 shares and retaining 1.27 million shares valued at approximately $346.6 million. Institutional investors and hedge funds collectively own 80.38% of the company.
• Union Pacific reported quarterly EPS of $3.53, exceeding estimates of $3.47, while revenue reached $7.20 billion and rose 15.3% year over year. The stock opened at $304, near its 52-week high of $315.99.
• Analyst sentiment remains favorable, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $326.44; Susquehanna recently raised its target to $345.

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,273,786 shares of the railroad operator's stock after selling 36,065 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Union Pacific worth $346,635,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Capital Advisors Inc. OK boosted its stake in shares of Union Pacific by 1.8% during the 2nd quarter. Capital Advisors Inc. OK now owns 1,888 shares of the railroad operator's stock valued at $513,000 after buying an additional 34 shares during the last quarter. Tiemann Investment Advisors LLC increased its stake in shares of Union Pacific by 1.7% in the second quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator's stock worth $576,000 after buying an additional 35 shares during the last quarter. Burford Brothers Inc. increased its stake in shares of Union Pacific by 1.9% in the second quarter. Burford Brothers Inc. now owns 1,877 shares of the railroad operator's stock worth $511,000 after buying an additional 35 shares during the last quarter. Nabity Jensen Investment Management Inc increased its stake in shares of Union Pacific by 1.3% in the third quarter. Nabity Jensen Investment Management Inc now owns 2,754 shares of the railroad operator's stock worth $749,000 after buying an additional 35 shares during the last quarter. Finally, TFR Capital LLC. increased its stake in shares of Union Pacific by 3.8% in the second quarter. TFR Capital LLC. now owns 979 shares of the railroad operator's stock worth $266,000 after buying an additional 36 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Price Performance

Shares of UNP opened at $304.00 on Friday. The firm has a market cap of $180.65 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 3.00 and a beta of 0.95. The stock has a 50 day moving average of $287.51 and a 200-day moving average of $270.06. 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 Corporation has a 52 week low of $216.32 and a 52 week high of $315.99.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.06. The business 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%. The business's quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.08 EPS. As a group, analysts forecast that Union Pacific Corporation will post 13.13 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research note on Friday, October 23rd. Susquehanna raised their price objective on shares of Union Pacific from $333.00 to $345.00 and gave the stock a "positive" rating in a report on Tuesday, October 27th. BMO Capital Markets reissued a "market perform" rating and issued a $320.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Erste Group Bank began coverage on shares of Union Pacific in a research note on Thursday, August 27th. They issued a "buy" rating on the stock. Finally, Citizens Jmp started coverage on shares of Union Pacific in a research report on Wednesday, July 15th. They set an "outperform" rating and a $350.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific currently has a consensus rating of "Moderate Buy" and an average price target of $326.44.

About Union Pacific

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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