Massachusetts Financial Services Co. MA Sells 240,090 Shares of Union Pacific Corporation $UNP

Massachusetts Financial Services Co. MA lessened its holdings in Union Pacific Corporation (NYSE:UNP) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,119,524 shares of the railroad operator’s stock after selling 240,090 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Union Pacific were worth $1,868,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new position in shares of Union Pacific during the first quarter valued at $988,822,000. Rothschild & Co Wealth Management UK Ltd grew its position in shares of Union Pacific by 3,536.2% during the 2nd quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock worth $232,767,000 after buying an additional 983,855 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Union Pacific by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after acquiring an additional 850,025 shares during the last quarter. Auto Owners Insurance Co increased its stake in Union Pacific by 61,054.6% in the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock valued at $147,650,000 after purchasing an additional 623,978 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. bought a new position in shares of Union Pacific during the 1st quarter valued at about $115,096,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

UNP stock opened at $222.87 on Friday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The stock has a 50-day moving average price of $224.18 and a 200-day moving average price of $224.59. The firm has a market cap of $132.19 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.75 earnings per share. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on UNP. The Goldman Sachs Group set a $263.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Wells Fargo & Company raised their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Evercore ISI reduced their price target on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and raised their target price for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Finally, Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Union Pacific Profile

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.