First Trust Direct Indexing L.P. Has $5.68 Million Stock Position in Union Pacific Co. (NYSE:UNP)

First Trust Direct Indexing L.P. raised its holdings in Union Pacific Co. (NYSE:UNP - Free Report) by 21.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,030 shares of the railroad operator's stock after buying an additional 4,070 shares during the quarter. First Trust Direct Indexing L.P.'s holdings in Union Pacific were worth $5,676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of UNP. Marshall Wace LLP increased its position in Union Pacific by 272.3% in the 2nd quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator's stock valued at $379,689,000 after buying an additional 1,227,318 shares in the last quarter. Capital World Investors increased its stake in Union Pacific by 35.3% during the 1st quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator's stock valued at $1,012,857,000 after purchasing an additional 1,073,625 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Union Pacific by 19,878.6% during the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator's stock worth $220,856,000 after buying an additional 891,555 shares during the last quarter. Capital Research Global Investors raised its position in Union Pacific by 7.6% in the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator's stock valued at $1,812,689,000 after buying an additional 518,985 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its holdings in Union Pacific by 186.4% during the 2nd quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator's stock worth $159,461,000 after acquiring an additional 458,664 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UNP shares. TD Cowen dropped their price target on shares of Union Pacific from $255.00 to $252.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their target price 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. Raymond James lifted their price target on Union Pacific from $265.00 to $275.00 and gave the stock a "strong-buy" rating in a report on Monday, October 14th. Stifel Nicolaus reduced their price objective on Union Pacific from $265.00 to $262.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Finally, Evercore ISI downgraded shares of Union Pacific from an "outperform" rating to an "inline" rating and cut their price target for the stock from $254.00 to $247.00 in a report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $259.15.

Union Pacific Price Performance

Shares of UNP stock traded up $0.49 during trading hours on Wednesday, reaching $232.48. The stock had a trading volume of 621,791 shares, compared to its average volume of 2,281,064. The stock's fifty day simple moving average is $245.45 and its 200 day simple moving average is $238.43. The firm has a market capitalization of $140.94 billion, a PE ratio of 21.31, a PEG ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a 12 month low of $204.63 and a 12 month high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The firm had revenue of $6.09 billion during 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%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.51 earnings per share. On average, equities research analysts predict that Union Pacific Co. will post 11.02 EPS for the current year.

About Union Pacific

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.

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