Union Pacific Corporation $UNP Stock Position Decreased by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 787,939 shares of the railroad operator’s stock after selling 11,944 shares during the period. Union Pacific accounts for about 0.9% of King Luther Capital Management Corp’s investment portfolio, making the stock its 27th biggest holding. King Luther Capital Management Corp’s holdings in Union Pacific were worth $214,422,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UNP. Capital Advisors Inc. OK boosted its position in Union Pacific by 1.8% in the 2nd quarter. Capital Advisors Inc. OK now owns 1,888 shares of the railroad operator’s stock valued at $513,000 after buying an additional 34 shares during the period. Tiemann Investment Advisors LLC grew its stake in shares of Union Pacific by 1.7% in the second quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator’s stock worth $576,000 after acquiring an additional 35 shares in the last quarter. Burford Brothers Inc. increased its position in shares of Union Pacific by 1.9% during the second quarter. Burford Brothers Inc. now owns 1,877 shares of the railroad operator’s stock worth $511,000 after acquiring an additional 35 shares during the period. Nabity Jensen Investment Management Inc increased its position in shares of Union Pacific by 1.3% during the third quarter. Nabity Jensen Investment Management Inc now owns 2,754 shares of the railroad operator’s stock worth $749,000 after acquiring an additional 35 shares during the period. Finally, Mountain Pacific Investment Advisers LLC increased its position in shares of Union Pacific by 3.0% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 1,218 shares of the railroad operator’s stock worth $331,000 after acquiring an additional 35 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNP has been the topic of several analyst reports. Robert W. Baird set a $310.00 price objective on Union Pacific and gave the company a “neutral” rating in a research note on Thursday, November 5th. Rothschild & Co Redburn boosted their target price on Union Pacific from $313.00 to $323.00 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. Jefferies Financial Group boosted their target price on Union Pacific from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Stephens upped their price target on Union Pacific from $340.00 to $352.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Finally, The Goldman Sachs Group set a $317.00 price target on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $325.09.

Union Pacific Price Performance

Union Pacific stock opened at $301.60 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32. The company has a fifty day simple moving average of $286.71 and a 200-day simple moving average of $272.95. The stock has a market cap of $179.23 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 2.77 and a beta of 0.84. Union Pacific Corporation has a 12-month low of $219.89 and a 12-month high of $315.99.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 EPS for the quarter, beating the consensus estimate of $3.47 by $0.06. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. Union Pacific’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.08 earnings per share. Equities analysts expect that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

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.