Northern Trust Corp Decreases Stock Position in Union Pacific Co. (NYSE:UNP)

Northern Trust Corp decreased its stake in shares of Union Pacific Co. (NYSE:UNP) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,517,808 shares of the railroad operator’s stock after selling 460,771 shares during the quarter. Northern Trust Corp’s holdings in Union Pacific were worth $1,333,674,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Union Pacific by 104,263.0% in the 2nd 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 purchasing an additional 341,369,646 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Union Pacific by 90,390.6% in the fourth 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 buying an additional 13,682,419 shares during the last quarter. Norges Bank acquired a new stake in Union Pacific in the fourth quarter valued at $1,276,498,000. Soroban Capital Partners LP lifted its holdings in Union Pacific by 77.5% during the 1st quarter. Soroban Capital Partners LP now owns 8,260,185 shares of the railroad operator’s stock worth $1,662,445,000 after buying an additional 3,605,266 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Union Pacific by 54.1% during the 1st 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 acquiring an additional 2,349,841 shares in the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.

Union Pacific Price Performance

UNP stock traded up $0.53 on Tuesday, reaching $221.63. 118,103 shares of the company’s stock were exchanged, compared to its average volume of 2,819,773. The stock has a fifty day moving average of $209.24 and a 200-day moving average of $210.20. The firm has a market cap of $135.11 billion, a PE ratio of 21.22, a P/E/G ratio of 2.59 and a beta of 1.10. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 2.22. Union Pacific Co. has a twelve month low of $183.69 and a twelve month high of $240.48.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays cut their target price on Union Pacific from $285.00 to $275.00 in a research report on Wednesday, October 4th. Stephens boosted their price objective on shares of Union Pacific from $232.00 to $257.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. Deutsche Bank Aktiengesellschaft raised shares of Union Pacific from a “hold” rating to a “buy” rating and increased their target price for the company from $223.00 to $235.00 in a research report on Friday, October 20th. Credit Suisse Group boosted their price target on shares of Union Pacific from $235.00 to $262.00 in a research report on Thursday, July 27th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $282.00 target price on shares of Union Pacific in a research report on Friday, October 20th. Ten research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $238.96.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 1,274 shares of Union Pacific stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $203.24, for a total transaction of $258,927.76. Following the completion of the transaction, 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 SEC, which is accessible through this hyperlink. In other Union Pacific news, EVP Kenyatta G. Rocker sold 8,700 shares of the firm’s stock in a transaction dated 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 directly owns 42,061 shares of the company’s stock, valued at approximately $9,355,628.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric J. Gehringer sold 1,274 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $203.24, for a total transaction of $258,927.76. Following the completion of the transaction, the executive vice president now directly owns 31,991 shares of the company’s stock, valued at approximately $6,501,850.84. The disclosure for this sale can be found here. Insiders have sold 10,974 shares of company stock valued at $2,416,899 in the last quarter. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific 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, 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.