Jennison Associates LLC Increases Stake in Union Pacific Co. (NYSE:UNP)

Jennison Associates LLC raised its stake in Union Pacific Co. (NYSE:UNP - Free Report) by 170.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736,246 shares of the railroad operator's stock after acquiring an additional 464,477 shares during the period. Jennison Associates LLC owned approximately 0.12% of Union Pacific worth $181,470,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cultivar Capital Inc. bought a new stake in shares of Union Pacific during the 2nd quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Union Pacific during the second quarter worth $28,000. Financial Gravity Asset Management Inc. boosted its holdings in shares of Union Pacific by 3,250.0% in the 2nd 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 in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Union Pacific in the 3rd quarter valued at $30,000. Finally, Fairscale Capital LLC bought a new stake in shares of Union Pacific during the 2nd quarter worth $31,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Down 0.0 %

UNP stock traded down $0.08 during trading on Wednesday, reaching $233.21. The stock had a trading volume of 638,097 shares, compared to its average volume of 2,301,028. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The company's 50 day moving average is $241.14 and its two-hundred day moving average is $238.55. 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 company has a market capitalization of $141.39 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 2.33 and a beta of 1.06.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly 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 return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter last year, the business posted $2.51 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Union Pacific Co. will post 10.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UNP. Royal Bank of Canada reduced their price target on shares of Union Pacific from $288.00 to $283.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Robert W. Baird dropped their price target on Union Pacific from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Wells Fargo & Company reduced their price objective on Union Pacific from $270.00 to $255.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. StockNews.com cut Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st. Finally, Sanford C. Bernstein cut their target price on shares of Union Pacific from $277.00 to $272.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $259.80.

Union Pacific Company 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.