Union Pacific Corporation $UNP Stock Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 787,939 shares of the railroad operator’s stock after selling 11,944 shares during the quarter. Union Pacific comprises 0.9% of King Luther Capital Management Corp’s holdings, making the stock its 27th largest holding. King Luther Capital Management Corp owned approximately 0.13% of Union Pacific worth $214,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Legal & General Group Plc purchased a new position in shares of Union Pacific during the 2nd quarter worth $1,193,135,000. Canada Pension Plan Investment Board acquired a new stake in shares of Union Pacific during the 2nd quarter worth about $1,094,677,000. Bank of America Corp DE increased its position 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 purchasing an additional 2,084,808 shares during the last quarter. Jupiter Topco LLC purchased a new stake in Union Pacific in the 2nd quarter valued at about $479,274,000. Finally, State Street Corp raised its holdings in Union Pacific by 4.9% in the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock valued at $7,586,243,000 after buying an additional 1,302,732 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 0.3%

UNP opened at $301.60 on Thursday. Union Pacific Corporation has a 52 week low of $219.89 and a 52 week high of $315.99. 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 business has a fifty day simple moving average of $286.71 and a 200-day simple moving average of $272.95. The firm has a market cap of $179.23 billion, a P/E ratio of 23.51, a P/E/G 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, beating the consensus estimate of $3.47 by $0.06. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the previous year, the business earned $3.08 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities analysts expect that Union Pacific Corporation will post 13.13 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on UNP shares. Benchmark upped their target price on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Bank of America lifted their price target on shares of Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Citizens Jmp assumed 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 for the company. BMO Capital Markets reissued a “market perform” rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Susquehanna boosted their price target on shares of Union Pacific from $333.00 to $345.00 and gave the company a “positive” rating in a research note on Tuesday, October 27th. One investment 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $325.09.

Union Pacific 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.