Union Pacific Corporation $UNP Stock Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its position in Union Pacific Corporation (NYSE:UNP) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 784,430 shares of the railroad operator’s stock after selling 9,651 shares during the quarter. Fifth Third Bancorp owned about 0.13% of Union Pacific worth $213,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UNP. Scarborough Advisors LLC bought a new position in Union Pacific in the 1st quarter worth about $27,000. John Boyer Inc. bought a new stake in shares of Union Pacific during the 3rd quarter valued at about $27,000. Wiser Advisor Group LLC bought a new stake in shares of Union Pacific during the 2nd quarter valued at about $30,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Union Pacific during the 2nd quarter valued at about $34,000. Finally, Clark Wealth Partners boosted its position in shares of Union Pacific by 37.4% during the 3rd quarter. Clark Wealth Partners now owns 136 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UNP. Robert W. Baird set a $310.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, November 5th. Rothschild & Co Redburn raised their target price on shares of Union Pacific from $313.00 to $323.00 and gave the company a “buy” rating in a research note on Tuesday, October 27th. BMO Capital Markets reiterated a “market perform” rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. UBS Group reiterated a “buy” rating and set a $339.00 target price (up from $310.00) on shares of Union Pacific in a research report on Friday, October 23rd. Finally, Citigroup reissued a “market outperform” rating on shares of Union Pacific in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.09.

Union Pacific Trading Up 0.3%

NYSE UNP opened at $301.60 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.32. The stock’s 50-day simple moving average is $286.71 and its two-hundred day simple moving average is $272.95. Union Pacific Corporation has a twelve month low of $219.89 and a twelve month high of $315.99. The company has a market capitalization of $179.23 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.77 and a beta of 0.84.

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

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.