Union Pacific Corporation $UNP Stock Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in Union Pacific Corporation (NYSE:UNP) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,793 shares of the railroad operator’s stock after purchasing an additional 2,719 shares during the period. Park Avenue Securities LLC’s holdings in Union Pacific were worth $10,285,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Verdence Capital Advisors LLC boosted its stake in Union Pacific by 6.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 15,296 shares of the railroad operator’s stock valued at $4,163,000 after purchasing an additional 869 shares during the period. Patton Albertson Miller Group LLC grew its holdings in Union Pacific by 0.8% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 22,139 shares of the railroad operator’s stock valued at $6,025,000 after buying an additional 178 shares in the last quarter. Miller Howard Investments Inc. NY increased its position in Union Pacific by 1.9% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 32,673 shares of the railroad operator’s stock worth $8,891,000 after buying an additional 616 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its position in Union Pacific by 83.0% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,446 shares of the railroad operator’s stock worth $393,000 after buying an additional 656 shares during the period. Finally, Peterson Wealth Services increased its position in Union Pacific by 24.8% during the 3rd quarter. Peterson Wealth Services now owns 25,841 shares of the railroad operator’s stock worth $7,032,000 after buying an additional 5,143 shares during the period. 80.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UNP. Wells Fargo & Company reissued an “overweight” rating and set a $335.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Robert W. Baird upped their price target on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Stephens upgraded shares of Union Pacific to a “strong-buy” rating in a research note on Wednesday, July 8th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research report on Friday. Finally, Susquehanna lifted their price objective on shares of Union Pacific from $333.00 to $345.00 and gave the stock a “positive” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.44.

Union Pacific Trading Up 1.1%

Shares of UNP stock opened at $300.30 on Wednesday. The stock has a market cap of $178.45 billion, a P/E ratio of 23.41 and a beta of 0.95. The stock has a 50 day simple moving average of $287.55 and a 200 day simple moving average of $268.98. Union Pacific Corporation has a 1 year low of $215.53 and a 1 year high of $315.99.

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

Union Pacific Profile

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.