Invesco LLC Acquires 52 Shares of Union Pacific Co. (NYSE:UNP)

Invesco LLC boosted its stake in shares of Union Pacific Co. (NYSE:UNP) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,239 shares of the railroad operator’s stock after acquiring an additional 52 shares during the quarter. Invesco LLC’s holdings in Union Pacific were worth $305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Union Pacific in the second quarter valued at approximately $28,000. Cultivar Capital Inc. acquired a new stake in shares of Union Pacific in the 2nd quarter valued at $27,000. Jamison Private Wealth Management Inc. raised its position in shares of Union Pacific by 265.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after acquiring an additional 93 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Union Pacific during the second quarter valued at $31,000. Finally, Financial Gravity Asset Management Inc. boosted its holdings in Union Pacific by 3,250.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock traded up $0.62 during mid-day trading on Friday, reaching $232.69. The company had a trading volume of 2,653,306 shares, compared to its average volume of 2,342,995. The business has a fifty day simple moving average of $244.66 and a 200 day simple moving average of $238.33. Union Pacific Co. has a fifty-two week low of $207.74 and a fifty-two week high of $258.66. The company has a market cap of $141.07 billion, a P/E ratio of 21.37, a P/E/G ratio of 2.29 and a beta of 1.06. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter last year, the business earned $2.51 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Union Pacific Co. will post 10.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of recent analyst reports. TD Cowen dropped their price objective on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a report on Friday, October 25th. Benchmark restated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research note on Friday, October 25th. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Barclays decreased their target price on Union Pacific from $280.00 to $275.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Citigroup assumed coverage on Union Pacific in a report on Wednesday, October 9th. They set a “neutral” rating and a $264.00 price target for the company. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $259.15.

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.