Union Pacific Corporation $UNP Stock Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its position in shares of Union Pacific Corporation (NYSE:UNP) by 0.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,564,945 shares of the railroad operator’s stock after selling 13,814 shares during the quarter. Fisher Asset Management LLC’s holdings in Union Pacific were worth $1,786,519,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in Union Pacific by 4.9% during the second quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock worth $7,586,243,000 after purchasing an additional 1,302,732 shares during the last quarter. Bank of America Corp DE boosted its holdings in 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 valued at $3,951,497,000 after purchasing an additional 64,492 shares during the last quarter. Royal Bank of Canada boosted its holdings in Union Pacific by 0.5% in the 1st 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. Legal & General Group Plc acquired a new position in Union Pacific in the 2nd quarter valued at about $1,193,135,000. Finally, Canada Pension Plan Investment Board acquired a new position in Union Pacific in the 2nd quarter valued at about $1,094,677,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP stock opened at $304.29 on Friday. The firm’s 50 day moving average price is $286.99 and its 200-day moving average price is $273.31. 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 Corporation has a one year low of $219.89 and a one year high of $315.99. The firm has a market cap of $180.83 billion, a P/E ratio of 23.72, a P/E/G ratio of 2.78 and a beta of 0.84.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, beating 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 the consensus estimate of $7.16 billion. During the same quarter last year, the firm earned $3.08 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, equities research analysts predict that Union Pacific Corporation will post 13.13 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a $339.00 price target (up from $310.00) on shares of Union Pacific in a research note on Friday, October 23rd. TD Cowen reaffirmed a “buy” rating and set a $328.00 price target (up from $325.00) on shares of Union Pacific in a research report on Friday, October 23rd. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Robert W. Baird set a $310.00 price target on Union Pacific and gave the stock a “neutral” rating in a report on Thursday, November 5th. Finally, Jefferies Financial Group raised their price objective on Union Pacific from $330.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.