Union Pacific Corporation $UNP Shares Acquired by SouthState Corp

SouthState Corp grew its holdings in Union Pacific Corporation (NYSE:UNP) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,149 shares of the railroad operator’s stock after acquiring an additional 1,500 shares during the period. SouthState Corp’s holdings in Union Pacific were worth $12,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of UNP. CBIZ Investment Advisory Services LLC grew its stake in shares of Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in shares of Union Pacific during the first quarter worth $32,000. Access Investment Management LLC acquired a new position in shares of Union Pacific during the second quarter worth $32,000. WPG Advisers LLC acquired a new position in shares of Union Pacific during the first quarter worth $33,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the subject of a number of analyst reports. Susquehanna reiterated a “positive” rating and set a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their target price on shares of Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Cowen reiterated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Finally, Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and boosted their target price for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.63.

Union Pacific Stock Performance

NYSE UNP opened at $217.47 on Thursday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a market capitalization of $128.99 billion, a PE ratio of 18.48, a P/E/G ratio of 2.27 and a beta of 1.04. The company has a fifty day moving average of $224.18 and a two-hundred day moving average of $224.32.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the prior year, the firm earned $2.75 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Company Profile

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.