M Holdings Securities Inc. Buys New Position in Union Pacific Corporation $UNP

M Holdings Securities Inc. purchased a new position in Union Pacific Corporation (NYSE:UNP) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,821 shares of the railroad operator’s stock, valued at approximately $1,040,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc purchased a new stake in shares of Union Pacific during the 2nd quarter valued at $1,193,135,000. Canada Pension Plan Investment Board bought a new stake in shares of Union Pacific during the 2nd quarter worth $1,094,677,000. Bank of America Corp DE lifted its holdings in shares of Union Pacific by 16.8% during the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock worth $3,509,030,000 after acquiring an additional 2,084,808 shares during the last quarter. Jupiter Topco LLC purchased a new position in Union Pacific in the second quarter worth $479,274,000. Finally, State Street Corp grew its position in Union Pacific by 4.9% in the second quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock worth $7,586,243,000 after acquiring an additional 1,302,732 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 2.3%

UNP stock opened at $296.81 on Tuesday. The company has a market capitalization of $176.38 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 3.05 and a beta of 0.84. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 1.16. Union Pacific Corporation has a one year low of $219.89 and a one year high of $315.99. The company’s 50 day moving average price is $286.50 and its two-hundred day moving average price is $272.24.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on UNP. JPMorgan Chase & Co. reduced their target price on Union Pacific from $322.00 to $321.00 and set a “neutral” rating on the stock in a research note on Friday, October 23rd. Susquehanna lifted their price target on Union Pacific from $333.00 to $345.00 and gave the stock a “positive” rating in a research note on Tuesday, October 27th. TD Cowen reaffirmed a “buy” rating and set a $328.00 price target (up from $325.00) on shares of Union Pacific in a research note on Friday, October 23rd. Bank of America upped their price objective on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $325.09.

Union Pacific Company 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.