Meeder Asset Management Inc. raised its position in Union Pacific Co. (NYSE:UNP) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,744 shares of the railroad operator’s stock after buying an additional 13,031 shares during the period. Union Pacific accounts for 0.9% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Meeder Asset Management Inc.’s holdings in Union Pacific were worth $11,356,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Lenox Wealth Advisors LLC purchased a new stake in shares of Union Pacific during the 2nd quarter worth approximately $105,000. Landaas & Co. WI ADV purchased a new position in Union Pacific in the 2nd quarter valued at approximately $133,000. grace capital purchased a new position in Union Pacific in the 2nd quarter valued at approximately $142,000. Exane Derivatives grew its stake in Union Pacific by 85.1% in the 2nd quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock valued at $155,000 after buying an additional 504 shares in the last quarter. Finally, Brand Asset Management Group Inc. purchased a new position in Union Pacific in the 2nd quarter valued at approximately $169,000. Hedge funds and other institutional investors own 80.80% of the company’s stock.
In other news, EVP Robert M. Knight, Jr. sold 20,000 shares of Union Pacific stock in a transaction on Monday, September 24th. The shares were sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the sale, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the sale, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 25th. The railroad operator reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.05. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. The firm had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same period last year, the firm earned $1.50 EPS. On average, equities analysts expect that Union Pacific Co. will post 7.84 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Union Pacific from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Cowen reiterated a “hold” rating and issued a $151.00 price objective on shares of Union Pacific in a research note on Thursday, July 19th. TD Securities lowered shares of Union Pacific from a “buy” rating to a “hold” rating and reduced their price objective for the company from $170.00 to $160.00 in a research note on Friday, October 26th. Bank of America lifted their price objective on shares of Union Pacific from $158.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Finally, Loop Capital upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $161.44.
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About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
Further Reading: Growth Stocks
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