Meramec Financial Planners LLC Buys 2,632 Shares of Union Pacific Corporation $UNP

Meramec Financial Planners LLC raised its position in Union Pacific Corporation (NYSE:UNP) by 185.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,054 shares of the railroad operator’s stock after acquiring an additional 2,632 shares during the period. Meramec Financial Planners LLC’s holdings in Union Pacific were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc acquired a new stake in shares of Union Pacific in the 2nd quarter worth $1,193,135,000. Canada Pension Plan Investment Board purchased a new position in Union Pacific during the 2nd quarter worth $1,094,677,000. Bank of America Corp DE increased its position 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 buying an additional 2,084,808 shares in the last quarter. Jupiter Topco LLC acquired a new position in Union Pacific during the 2nd quarter valued at about $479,274,000. Finally, State Street Corp increased its position in Union Pacific by 4.9% during 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 buying an additional 1,302,732 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 UNP traded down $1.49 during trading hours on Friday, reaching $302.71. 2,563,489 shares of the company traded hands, compared to its average volume of 2,766,625. The stock has a market capitalization of $179.89 billion, a P/E ratio of 23.59, a P/E/G ratio of 2.80 and a beta of 0.84. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.32. Union Pacific Corporation has a 12-month low of $219.89 and a 12-month high of $315.99. The business has a fifty day moving average price of $287.26 and a 200-day moving average price of $273.66.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (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 the consensus estimate of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.08 EPS. Equities analysts anticipate that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UNP shares. Susquehanna increased their price target on Union Pacific from $333.00 to $345.00 and gave the company a “positive” rating in a research note on Tuesday, October 27th. Jefferies Financial Group boosted their price target on Union Pacific from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Raymond James Financial restated a “strong-buy” rating and set a $285.00 price objective (up from $275.00) on shares of Union Pacific in a report on Friday, October 23rd. BMO Capital Markets restated a “market perform” rating and set a $320.00 price objective (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, UBS Group reaffirmed a “buy” rating and issued a $339.00 price objective (up from $310.00) on shares of Union Pacific in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $325.09.

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.