Union Pacific Corporation $UNP Stake Boosted by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. increased its stake in Union Pacific Corporation (NYSE:UNP) by 214.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,483 shares of the railroad operator’s stock after buying an additional 4,422 shares during the period. Summit Wealth Group LLC Co.’s holdings in Union Pacific were worth $1,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Eastern Bank lifted its position in Union Pacific by 2.6% during the third quarter. Eastern Bank now owns 214,567 shares of the railroad operator’s stock valued at $58,390,000 after buying an additional 5,380 shares during the period. QRG Capital Management Inc. increased its stake in shares of Union Pacific by 9.4% in the 2nd quarter. QRG Capital Management Inc. now owns 102,949 shares of the railroad operator’s stock worth $28,002,000 after acquiring an additional 8,842 shares in the last quarter. BNP Paribas increased its stake in shares of Union Pacific by 21.5% in the 2nd quarter. BNP Paribas now owns 60,465 shares of the railroad operator’s stock worth $16,454,000 after acquiring an additional 10,706 shares in the last quarter. KBC Group NV increased its stake in shares of Union Pacific by 17.7% in the 2nd quarter. KBC Group NV now owns 108,489 shares of the railroad operator’s stock worth $29,509,000 after acquiring an additional 16,295 shares in the last quarter. Finally, Axiom Investment Management LLC bought a new position in shares of Union Pacific during the first quarter valued at approximately $9,151,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UNP has been the topic of a number of analyst reports. Barclays reiterated an “overweight” rating and issued a $350.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Erste Group Bank assumed coverage on shares of Union Pacific in a research note on Thursday, August 27th. They set a “buy” rating on the stock. Benchmark upped their price objective on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. UBS Group reaffirmed a “buy” rating on shares of Union Pacific in a report on Friday, October 23rd. Finally, Citigroup restated a “market outperform” rating on shares of Union Pacific in a research report on Friday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $326.44.

Union Pacific Price Performance

NYSE:UNP opened at $306.85 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.32. The business’s 50-day simple moving average is $287.48 and its two-hundred day simple moving average is $270.45. The stock has a market cap of $182.34 billion, a PE ratio of 23.92, a P/E/G ratio of 2.94 and a beta of 0.95. Union Pacific Corporation has a 52 week low of $216.32 and a 52 week high of $315.99.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data 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 business 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 business’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.08 earnings per share. As a group, analysts forecast that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

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.