Cornerstone Advisors LLC Has $11.50 Million Stake in Union Pacific Corporation $UNP

Cornerstone Advisors LLC boosted its position in Union Pacific Corporation (NYSE:UNP) by 32.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the railroad operator’s stock after purchasing an additional 12,200 shares during the period. Cornerstone Advisors LLC’s holdings in Union Pacific were worth $11,504,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UNP. Nuveen LLC acquired a new position in shares of Union Pacific in the first quarter valued at approximately $988,822,000. Rothschild & Co Wealth Management UK Ltd boosted its position in 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. grew its holdings in 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 worth $873,878,000 after acquiring an additional 850,025 shares during the last quarter. Auto Owners Insurance Co grew its holdings in Union Pacific by 61,054.6% during the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after acquiring an additional 623,978 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. acquired a new position in Union Pacific in the 1st quarter valued at approximately $115,096,000. 80.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on UNP shares. TD Cowen cut their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. UBS Group set a $253.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Finally, Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Trading Up 0.6%

NYSE UNP opened at $222.87 on Friday. The stock has a market capitalization of $132.19 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.27 and a beta of 1.04. The business has a 50 day simple moving average of $224.18 and a 200 day simple moving average of $224.66. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84.

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

Union Pacific Company 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.