Union Pacific Corporation $UNP Stake Raised by Elite Wealth Management Inc.

Elite Wealth Management Inc. lifted its stake in Union Pacific Corporation (NYSE:UNP) by 191.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,876 shares of the railroad operator’s stock after buying an additional 11,736 shares during the period. Union Pacific comprises 0.9% of Elite Wealth Management Inc.’s portfolio, making the stock its 28th biggest holding. Elite Wealth Management Inc.’s holdings in Union Pacific were worth $4,865,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in Union Pacific during the second quarter valued at about $1,193,135,000. Canada Pension Plan Investment Board acquired a new position in Union Pacific in the 2nd quarter valued at approximately $1,094,677,000. Bank of America Corp DE lifted its position in shares of Union Pacific by 16.8% in 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 period. Jupiter Topco LLC bought a new stake in shares of Union Pacific in the 2nd quarter worth approximately $479,274,000. Finally, State Street Corp lifted its position in shares of Union Pacific by 4.9% in the 2nd 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 during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on UNP. Citigroup reissued a “market outperform” rating on shares of Union Pacific in a report on Friday, October 23rd. BMO Capital Markets restated a “market perform” rating and set a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. The Goldman Sachs Group set a $317.00 target price on Union Pacific and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Erste Group Bank initiated coverage on Union Pacific in a research report on Thursday, August 27th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada set a $328.00 price target on shares of Union Pacific in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $325.09.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $290.50 on Monday. The firm has a market cap of $172.63 billion, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 2.67 and a beta of 0.84. The firm’s 50-day simple moving average is $286.72 and its 200-day simple moving average is $271.90. Union Pacific Corporation has a twelve month low of $218.20 and a twelve month high of $315.99. 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 (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.06. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the prior year, the business posted $3.08 earnings per share. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, research analysts expect that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

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.

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.