1,977 Union Pacific Corporation $UNP Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its position in Union Pacific Corporation (NYSE:UNP) by 38.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,099 shares of the railroad operator’s stock after selling 1,977 shares during the period. Sterling Capital Management LLC’s holdings in Union Pacific were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Legal & General Group Plc purchased a new stake in shares of Union Pacific in the second quarter worth approximately $1,193,135,000. Canada Pension Plan Investment Board purchased a new position in Union Pacific during the 2nd quarter valued at $1,094,677,000. Bank of America Corp DE boosted its holdings in Union Pacific by 16.8% during the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock valued at $3,509,030,000 after acquiring an additional 2,084,808 shares during the period. Jupiter Topco LLC purchased a new position in Union Pacific during the 2nd quarter valued at $479,274,000. Finally, State Street Corp grew its position in Union Pacific by 4.9% in the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock valued at $7,586,243,000 after acquiring an additional 1,302,732 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 1.1%

UNP opened at $300.30 on Wednesday. The stock’s fifty day moving average is $287.55 and its two-hundred day moving average is $268.98. The company has a market capitalization of $178.45 billion, a P/E ratio of 23.41 and a beta of 0.95. Union Pacific Corporation has a 52 week low of $215.53 and a 52 week high of $315.99.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.06. The firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the prior year, the company posted $3.08 earnings per share. Union Pacific’s quarterly revenue was up 15.3% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Corporation will post 13.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research note on Friday. Erste Group Bank assumed coverage on shares of Union Pacific in a research note on Thursday, August 27th. They issued a “buy” rating on the stock. Stephens upgraded shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada set a $328.00 price objective on shares of Union Pacific in a report on Friday. Finally, Susquehanna boosted their price objective on shares of Union Pacific from $333.00 to $345.00 and gave the company a “positive” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.44.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.