Levin Capital Strategies L.P. Buys 46,423 Shares of Union Pacific Corporation $UNP

Levin Capital Strategies L.P. grew its holdings in Union Pacific Corporation (NYSE:UNP) by 105.3% during the 2nd quarter, Holdings Channel reports. The fund owned 90,517 shares of the railroad operator’s stock after buying an additional 46,423 shares during the period. Union Pacific comprises 2.0% of Levin Capital Strategies L.P.’s portfolio, making the stock its 14th biggest holding. Levin Capital Strategies L.P.’s holdings in Union Pacific were worth $20,826,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC grew its stake in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in shares of Union Pacific in the 1st quarter worth $32,000. Access Investment Management LLC purchased a new position in shares of Union Pacific in the 2nd quarter worth $32,000. WPG Advisers LLC bought a new stake in Union Pacific during the 1st quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after buying an additional 56 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $219.09 on Tuesday. 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 company has a 50 day simple moving average of $224.28 and a two-hundred day simple moving average of $224.37. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The stock has a market cap of $129.96 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.27 and a beta of 1.07.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. UBS Group set a $253.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a research report on Friday, October 3rd. Sanford C. Bernstein raised their target price on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Finally, Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $261.63.

About Union Pacific

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.