First Horizon Advisors Inc. Grows Stock Holdings in Union Pacific Corporation $UNP

First Horizon Advisors Inc. lifted its stake in Union Pacific Corporation (NYSE:UNP) by 7.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 95,738 shares of the railroad operator’s stock after acquiring an additional 6,967 shares during the period. First Horizon Advisors Inc.’s holdings in Union Pacific were worth $22,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in UNP. Envestnet Portfolio Solutions Inc. grew its stake in Union Pacific by 10.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock valued at $21,475,000 after acquiring an additional 8,925 shares during the period. LGT Group Foundation grew its stake in Union Pacific by 9.7% in the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after acquiring an additional 477 shares during the period. Nuveen LLC acquired a new stake in Union Pacific in the 1st quarter valued at $988,822,000. SlateStone Wealth LLC grew its stake in Union Pacific by 6.2% in the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after acquiring an additional 772 shares during the period. Finally, Gallacher Capital Management LLC grew its stake in Union Pacific by 153.1% in the 1st quarter. Gallacher Capital Management LLC now owns 2,513 shares of the railroad operator’s stock valued at $594,000 after acquiring an additional 1,520 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. TD Cowen dropped their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and lifted their price target for the company from $250.00 to $285.00 in a research note on Friday, July 25th. UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. Evercore ISI decreased their price objective on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Union Pacific Stock Up 1.0%

Shares of UNP opened at $221.03 on Wednesday. The firm has a market cap of $131.11 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company’s 50-day moving average price is $224.24 and its 200 day moving average price is $224.37. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.Union Pacific’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 EPS. On average, sell-side analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.