113,350 Union Pacific Corporation $UNP Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its stake in Union Pacific Corporation (NYSE:UNP) by 17.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 540,956 shares of the railroad operator’s stock after selling 113,350 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Union Pacific were worth $147,210,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Legal & General Group Plc acquired a new position in shares of Union Pacific during the 2nd quarter valued at about $1,193,135,000. Canada Pension Plan Investment Board purchased a new stake in shares of Union Pacific in the second quarter valued at about $1,094,677,000. Bank of America Corp DE increased its position in Union Pacific by 16.8% during the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock worth $3,509,030,000 after purchasing an additional 2,084,808 shares during the last quarter. Jupiter Topco LLC acquired a new stake in Union Pacific during the second quarter worth about $479,274,000. Finally, State Street Corp increased its position in Union Pacific by 4.9% during the second quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock worth $7,586,243,000 after purchasing an additional 1,302,732 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UNP. UBS Group reaffirmed a “buy” rating and set a $339.00 target price (up from $310.00) on shares of Union Pacific in a research note on Friday, October 23rd. Citizens Jmp began coverage on shares of Union Pacific in a report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 target price on the stock. Evercore reduced their target price on Union Pacific from $329.00 to $322.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 28th. Royal Bank Of Canada set a $328.00 price objective on shares of Union Pacific in a report on Friday, October 23rd. Finally, Benchmark increased their target price on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. One equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.09.

Union Pacific Price Performance

Shares of UNP opened at $290.50 on Monday. The firm has a market capitalization of $172.63 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 2.67 and a beta of 0.84. The firm’s fifty day simple moving average is $286.72 and its 200-day simple moving average is $271.90. Union Pacific Corporation has a twelve month low of $218.20 and a twelve month high of $315.99. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.06. The firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.16 billion. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.08 earnings per share. Equities analysts forecast that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

About Union Pacific

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.