Union Pacific Co. (NYSE:UNP) Shares Purchased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc increased its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 247,694 shares of the railroad operator's stock after buying an additional 6,211 shares during the quarter. Union Pacific comprises about 1.2% of Pinnacle Financial Partners Inc's holdings, making the stock its 15th largest position. Pinnacle Financial Partners Inc's holdings in Union Pacific were worth $61,052,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Koshinski Asset Management Inc. raised its holdings in Union Pacific by 29.5% during the first quarter. Koshinski Asset Management Inc. now owns 2,571 shares of the railroad operator's stock worth $632,000 after purchasing an additional 585 shares in the last quarter. Private Management Group Inc. acquired a new stake in shares of Union Pacific in the 1st quarter valued at approximately $222,000. Fortis Capital Advisors LLC boosted its stake in shares of Union Pacific by 5.0% in the first quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator's stock valued at $225,000 after buying an additional 44 shares in the last quarter. D Orazio & Associates Inc. acquired a new position in Union Pacific during the first quarter worth $251,000. Finally, Kingsview Wealth Management LLC raised its position in Union Pacific by 7.4% in the first quarter. Kingsview Wealth Management LLC now owns 24,109 shares of the railroad operator's stock worth $5,929,000 after acquiring an additional 1,658 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UNP. Benchmark reaffirmed a "buy" rating and set a $266.00 price target on shares of Union Pacific in a research note on Friday, October 25th. Barclays upped 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. Citigroup lifted their price target on shares of Union Pacific from $255.00 to $267.00 and gave the company a "neutral" rating in a research report on Tuesday. Wells Fargo & Company lowered their price target on Union Pacific from $270.00 to $255.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Finally, Bank of America reduced their price objective on Union Pacific from $273.00 to $270.00 and set a "buy" rating for the company in a report on Tuesday, September 24th. Nine investment 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 stock. According to MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and a consensus target price of $259.80.

Union Pacific Trading Up 0.6 %

Shares of NYSE UNP traded up $1.43 during trading on Wednesday, hitting $240.34. 2,563,860 shares of the company traded hands, compared to its average volume of 2,314,014. 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 market capitalization of $145.71 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.36 and a beta of 1.06. The company has a 50-day moving average price of $242.77 and a 200-day moving average price of $238.63. Union Pacific Co. has a 1 year low of $212.47 and a 1 year high of $258.66.

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). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the prior year, the company earned $2.51 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

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.