Union Pacific Corporation $UNP Stock: Confluence Wealth Services Inc. Increases Stake

Confluence Wealth Services Inc. boosted its stake in Union Pacific Corporation (NYSE:UNP) by 17.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,798 shares of the railroad operator’s stock after buying an additional 2,708 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Union Pacific were worth $4,843,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UNP. State Street Corp boosted its holdings in Union Pacific by 4.9% during 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 last quarter. Bank of America Corp DE grew its stake in shares of Union Pacific by 0.4% in the 2nd quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator’s stock worth $3,951,497,000 after acquiring an additional 64,492 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Union Pacific in the 2nd quarter worth $1,193,135,000. Royal Bank of Canada raised its holdings in shares of Union Pacific by 0.5% in the first quarter. Royal Bank of Canada now owns 4,617,313 shares of the railroad operator’s stock valued at $1,120,251,000 after purchasing an additional 23,698 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Union Pacific in the second quarter valued at about $1,094,677,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $300.84 on Wednesday. The business’s fifty day simple moving average is $286.49 and its 200 day simple moving average is $272.59. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32. Union Pacific Corporation has a 12 month low of $219.89 and a 12 month high of $315.99. The firm has a market capitalization of $178.77 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 2.74 and a beta of 0.84.

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. The firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.08 EPS. As a group, analysts anticipate that Union Pacific Corporation will post 13.13 EPS for the current year.

Wall Street Analyst Weigh In

UNP has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $317.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. TD Cowen restated a “buy” rating and set a $328.00 price target (up from $325.00) on shares of Union Pacific in a report on Friday, October 23rd. Royal Bank Of Canada set a $328.00 price objective on shares of Union Pacific in a research report on Friday, October 23rd. Erste Group Bank began coverage on shares of Union Pacific in a research note on Thursday, August 27th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group increased their price objective on shares of Union Pacific from $330.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, July 24th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.