The Manufacturers Life Insurance Company Acquires 85,827 Shares of Union Pacific Co. (NYSE:UNP)

The Manufacturers Life Insurance Company boosted its position in shares of Union Pacific Co. (NYSE:UNP) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,465,329 shares of the railroad operator’s stock after buying an additional 85,827 shares during the quarter. The Manufacturers Life Insurance Company owned 0.24% of Union Pacific worth $361,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Cultivar Capital Inc. bought a new position in Union Pacific in the 2nd quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Union Pacific during the second quarter valued at $28,000. Financial Gravity Asset Management Inc. boosted its stake in shares of Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 130 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Union Pacific in the 3rd quarter worth about $30,000. Finally, Fairscale Capital LLC bought a new stake in Union Pacific during the 2nd quarter valued at about $31,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Shares of UNP opened at $249.29 on Tuesday. The firm has a market capitalization of $151.13 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The company’s fifty day moving average price is $240.47 and its 200-day moving average price is $238.48. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter in the prior year, the company earned $2.51 EPS. Union Pacific’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on UNP shares. Citigroup boosted their price target on Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Wells Fargo & Company dropped their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Raymond James boosted their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. lowered their target price on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, BMO Capital Markets cut their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $259.80.

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, 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.