Union Pacific Corporation $UNP Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lowered its position in shares of Union Pacific Corporation (NYSE:UNP) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,012,848 shares of the railroad operator’s stock after selling 39,831 shares during the period. Union Pacific comprises about 2.2% of Beutel Goodman & Co Ltd.’s holdings, making the stock its 15th largest position. Beutel Goodman & Co Ltd.’s holdings in Union Pacific were worth $275,626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UNP. Gryphon Financial Partners LLC lifted its holdings in shares of Union Pacific by 1.3% in the 3rd quarter. Gryphon Financial Partners LLC now owns 5,084 shares of the railroad operator’s stock valued at $1,384,000 after purchasing an additional 66 shares during the last quarter. Creekside Partners boosted its position in shares of Union Pacific by 6.2% in the 3rd quarter. Creekside Partners now owns 850 shares of the railroad operator’s stock valued at $231,000 after purchasing an additional 50 shares during the period. Kestra Investment Management LLC boosted its position in shares of Union Pacific by 6.7% in the 3rd quarter. Kestra Investment Management LLC now owns 1,635 shares of the railroad operator’s stock valued at $445,000 after purchasing an additional 102 shares during the period. AlphaCore Capital LLC grew its stake in Union Pacific by 10.1% during the 3rd quarter. AlphaCore Capital LLC now owns 26,743 shares of the railroad operator’s stock worth $7,278,000 after buying an additional 2,445 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in Union Pacific by 7.4% during the 3rd quarter. Retirement Systems of Alabama now owns 339,343 shares of the railroad operator’s stock worth $92,345,000 after buying an additional 23,405 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the topic of several research analyst reports. UBS Group reaffirmed a “buy” rating and set a $339.00 price target (up from $310.00) on shares of Union Pacific in a research report on Friday, October 23rd. JPMorgan Chase & Co. reduced their price objective on Union Pacific from $322.00 to $321.00 and set a “neutral” rating for the company in a research note on Friday, October 23rd. Royal Bank Of Canada set a $328.00 price objective on Union Pacific in a report on Friday, October 23rd. BMO Capital Markets restated a “market perform” rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Jefferies Financial Group lifted their target price on shares of Union Pacific from $330.00 to $375.00 and gave the company a “buy” rating in a report on Friday, July 24th. One research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $325.09.

Union Pacific Price Performance

Shares of UNP opened at $296.81 on Tuesday. Union Pacific Corporation has a fifty-two week low of $219.89 and a fifty-two week high of $315.99. The company has a market capitalization of $176.38 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 3.05 and a beta of 0.84. The firm has a 50-day simple moving average of $286.50 and a 200-day simple moving average of $272.24. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 1.16.

Union Pacific (NYSE:UNP) last released 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 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%. The business’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company posted $3.08 earnings per share. On average, equities research analysts anticipate that Union Pacific Corporation will post 13.13 earnings per share for the current year.

Union Pacific Company 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.

Union Pacific traces its history to the Pacific Railway Act of 1862 and played a central role in building the first transcontinental railroad, completed in 1869.