Union Pacific Corporation $UNP Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its holdings in Union Pacific Corporation (NYSE:UNP) by 1.2% during the third quarter, Holdings Channel.com reports. The firm owned 784,430 shares of the railroad operator’s stock after selling 9,651 shares during the quarter. Fifth Third Bancorp’s holdings in Union Pacific were worth $213,467,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Maryland State Retirement & Pension System boosted its holdings in Union Pacific by 15.0% during the 3rd quarter. Maryland State Retirement & Pension System now owns 36,550 shares of the railroad operator’s stock valued at $9,946,000 after acquiring an additional 4,776 shares during the period. Ritholtz Wealth Management grew its position in Union Pacific by 2.6% during the 3rd quarter. Ritholtz Wealth Management now owns 34,183 shares of the railroad operator’s stock worth $9,302,000 after acquiring an additional 866 shares during the last quarter. NBH Bank grew its position in Union Pacific by 20.0% during the 3rd quarter. NBH Bank now owns 529 shares of the railroad operator’s stock worth $144,000 after acquiring an additional 88 shares during the last quarter. Granville Capital Inc. grew its position in Union Pacific by 6.5% during the 3rd quarter. Granville Capital Inc. now owns 1,913 shares of the railroad operator’s stock worth $521,000 after acquiring an additional 117 shares during the last quarter. Finally, Joel Isaacson & Co. LLC increased its stake in Union Pacific by 0.8% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 11,490 shares of the railroad operator’s stock worth $3,127,000 after purchasing an additional 87 shares during the period. 80.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UNP. Raymond James Financial reiterated a “strong-buy” rating and issued a $285.00 price objective (up from $275.00) on shares of Union Pacific in a research report on Friday, October 23rd. Benchmark increased their price objective on Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Rothschild & Co Redburn raised their target price on shares of Union Pacific from $313.00 to $323.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Evercore cut their target price on shares of Union Pacific from $329.00 to $322.00 and set an “outperform” rating on the stock in a report on Wednesday, October 28th. Finally, Sanford C. Bernstein lifted their target price on shares of Union Pacific from $346.00 to $347.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 20th. 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $325.09.

Union Pacific Stock Performance

Shares of NYSE:UNP 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 50-day moving average price of $286.71 and a 200-day moving average price of $272.95. The company has a market cap of $179.23 billion, a price-to-earnings ratio of 23.61, 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.06. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period last year, the firm earned $3.08 earnings per share. Union Pacific’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities analysts anticipate that Union Pacific Corporation will post 13.13 EPS for the current 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.