Veritable L.P. Sells 446 Shares of Union Pacific Co. (NYSE:UNP)

Veritable L.P. lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,648 shares of the railroad operator’s stock after selling 446 shares during the quarter. Veritable L.P.’s holdings in Union Pacific were worth $6,067,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UNP. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Union Pacific by 104,263.0% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 341,697,058 shares of the railroad operator’s stock valued at $69,918,052,000 after buying an additional 341,369,646 shares during the period. Moneta Group Investment Advisors LLC increased its stake in shares of Union Pacific by 90,390.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,697,556 shares of the railroad operator’s stock valued at $2,836,353,000 after acquiring an additional 13,682,419 shares in the last quarter. Norges Bank acquired a new position in shares of Union Pacific during the 4th quarter valued at $1,276,498,000. Soroban Capital Partners LP boosted its stake in Union Pacific by 77.5% during the first quarter. Soroban Capital Partners LP now owns 8,260,185 shares of the railroad operator’s stock worth $1,662,445,000 after acquiring an additional 3,605,266 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Union Pacific by 54.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,693,943 shares of the railroad operator’s stock worth $1,347,224,000 after purchasing an additional 2,349,841 shares during the period. 77.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Union Pacific news, EVP Kenyatta G. Rocker sold 8,700 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the sale, the executive vice president now owns 42,061 shares of the company’s stock, valued at approximately $9,355,628.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Eric J. Gehringer sold 1,274 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $203.24, for a total value of $258,927.76. Following the sale, the executive vice president now owns 31,991 shares in the company, valued at $6,501,850.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kenyatta G. Rocker sold 8,700 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total value of $1,935,141.00. Following the transaction, the executive vice president now directly owns 42,061 shares of the company’s stock, valued at approximately $9,355,628.23. The disclosure for this sale can be found here. Insiders have sold a total of 10,974 shares of company stock valued at $2,416,899 over the last quarter. Company insiders own 0.30% of the company’s stock.

Union Pacific Trading Up 3.0 %

Shares of UNP stock opened at $215.69 on Wednesday. Union Pacific Co. has a 12-month low of $183.69 and a 12-month high of $240.48. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 2.22. The company has a 50 day moving average of $208.62 and a 200-day moving average of $209.57. The firm has a market cap of $131.48 billion, a P/E ratio of 20.70, a PEG ratio of 2.47 and a beta of 1.10.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 19th. The railroad operator reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.10. Union Pacific had a return on equity of 49.14% and a net margin of 26.37%. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same period last year, the business posted $3.19 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. Sell-side analysts anticipate that Union Pacific Co. will post 10.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and set a $254.00 price objective on shares of Union Pacific in a research report on Friday, October 20th. Stifel Nicolaus decreased their price target on shares of Union Pacific from $233.00 to $232.00 and set a “hold” rating for the company in a research note on Tuesday, October 3rd. Citigroup raised their price objective on shares of Union Pacific from $235.00 to $270.00 in a research note on Thursday, July 27th. Atlantic Securities downgraded shares of Union Pacific from an “overweight” rating to a “neutral” rating and set a $244.00 target price for the company. in a research report on Thursday, July 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $282.00 price target on shares of Union Pacific in a research report on Friday, October 20th. Ten analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $238.96.

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.