First Horizon Advisors Inc. Raises Position in Union Pacific Co. (NYSE:UNP)

First Horizon Advisors Inc. grew its holdings in Union Pacific Co. (NYSE:UNP - Free Report) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,741 shares of the railroad operator's stock after acquiring an additional 3,509 shares during the quarter. First Horizon Advisors Inc.'s holdings in Union Pacific were worth $19,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in UNP. Ameriprise Financial Inc. grew its position in shares of Union Pacific by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator's stock valued at $1,880,701,000 after purchasing an additional 106,996 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Union Pacific by 7.6% in the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator's stock valued at $1,812,689,000 after purchasing an additional 518,985 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Union Pacific by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator's stock worth $1,350,924,000 after purchasing an additional 124,571 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Union Pacific by 8.3% in the second quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator's stock worth $954,530,000 after acquiring an additional 322,129 shares during the period. Finally, Capital World Investors raised its position in shares of Union Pacific by 35.3% in the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator's stock worth $1,012,857,000 after buying an additional 1,073,625 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Price Performance

NYSE UNP traded up $0.27 during trading on Wednesday, hitting $233.56. 1,155,003 shares of the stock traded hands, compared to its average volume of 2,303,335. The company has a market capitalization of $141.60 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The firm has a 50-day simple moving average of $241.14 and a 200-day simple moving average of $238.55. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.78 by ($0.03). The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. Union Pacific's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.51 earnings per share. As a group, analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on UNP. Royal Bank of Canada lowered their target price on Union Pacific from $288.00 to $283.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Raymond James lifted their target price on Union Pacific from $265.00 to $275.00 and gave the company a "strong-buy" rating in a research note on Monday, October 14th. JPMorgan Chase & Co. dropped their price objective on Union Pacific from $263.00 to $252.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Barclays boosted their target price on shares of Union Pacific from $275.00 to $285.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Finally, Daiwa America downgraded shares of Union Pacific from a "moderate buy" rating to a "hold" rating in a report on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.