Fisher Asset Management LLC Acquires 143,896 Shares of Union Pacific Co. (NYSE:UNP)

Fisher Asset Management LLC grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,285,585 shares of the railroad operator’s stock after acquiring an additional 143,896 shares during the period. Fisher Asset Management LLC’s holdings in Union Pacific were worth $1,549,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Fairhaven Wealth Management LLC grew its holdings in shares of Union Pacific by 1.7% during the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after buying an additional 43 shares during the last quarter. Chesapeake Wealth Management grew its stake in Union Pacific by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after purchasing an additional 43 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of Union Pacific by 0.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock valued at $1,897,000 after purchasing an additional 44 shares during the period. Montecito Bank & Trust raised its stake in shares of Union Pacific by 0.4% in the second quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator’s stock worth $2,691,000 after purchasing an additional 45 shares during the last quarter. Finally, Traveka Wealth LLC lifted its holdings in shares of Union Pacific by 3.4% during the third quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock worth $335,000 after purchasing an additional 45 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Benchmark reaffirmed a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a report on Friday, October 25th. TD Cowen reduced their price objective on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Susquehanna lowered their target price on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have issued 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 $259.80.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $242.39 on Monday. 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 business has a 50 day simple moving average of $240.53 and a two-hundred day simple moving average of $238.46. The stock has a market capitalization of $146.95 billion, a P/E ratio of 22.26, a PEG ratio of 2.40 and a beta of 1.06. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share 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 previous year, the business posted $2.51 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts predict that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

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.