St. Johns Investment Management Company LLC boosted its stake in Union Pacific Co. (NYSE:UNP – Free Report) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,054 shares of the railroad operator’s stock after acquiring an additional 251 shares during the period. St. Johns Investment Management Company LLC’s holdings in Union Pacific were worth $753,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP increased its position in shares of Union Pacific by 272.3% during the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock worth $379,689,000 after buying an additional 1,227,318 shares during the period. Capital World Investors grew its holdings in Union Pacific by 35.3% during the 1st quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after acquiring an additional 1,073,625 shares during the period. International Assets Investment Management LLC raised its position in shares of Union Pacific by 19,878.6% in the 3rd quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after acquiring an additional 891,555 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Union Pacific by 7.6% in the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after purchasing an additional 518,985 shares during the period. Finally, Bridges Investment Management Inc. boosted its position in shares of Union Pacific by 186.4% during the 2nd quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock valued at $159,461,000 after purchasing an additional 458,664 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
Insider Activity
In related news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.28% of the company’s stock.
Union Pacific Stock Performance
Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.76 by ($0.01). Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter in the previous year, the business earned $2.51 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts predict that Union Pacific Co. will post 11.07 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their price target on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Friday. Royal Bank of Canada cut their price objective on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday. Susquehanna dropped their price target on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday. BMO Capital Markets reduced their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Finally, TD Cowen lowered their target price on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research report on Friday. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $259.15.
Read Our Latest Analysis on Union Pacific
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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