The Manufacturers Life Insurance Company Buys 85,827 Shares of Union Pacific Co. (NYSE:UNP)

The Manufacturers Life Insurance Company lifted its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 6.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,465,329 shares of the railroad operator's stock after purchasing an additional 85,827 shares during the period. The Manufacturers Life Insurance Company owned 0.24% of Union Pacific worth $361,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cultivar Capital Inc. bought a new position in Union Pacific in the 2nd quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific in the second quarter valued at about $28,000. Financial Gravity Asset Management Inc. increased its position in Union Pacific by 3,250.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator's stock worth $30,000 after purchasing an additional 130 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Union Pacific during the 3rd quarter worth about $30,000. Finally, Fairscale Capital LLC bought a new position in shares of Union Pacific in the 2nd quarter valued at about $31,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on UNP shares. Susquehanna cut their price target 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. Evercore ISI lowered shares of Union Pacific from an "outperform" rating to an "inline" rating and decreased their price target for the company from $254.00 to $247.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. cut their price target on shares of Union Pacific from $263.00 to $252.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada reduced their price target on Union Pacific from $288.00 to $283.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, 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 note on Tuesday, November 12th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $259.80.

Union Pacific Stock Performance

Shares of NYSE:UNP traded down $3.00 during trading on Tuesday, reaching $246.32. 1,176,941 shares of the stock were exchanged, compared to its average volume of 2,313,165. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The stock has a 50-day moving average price of $240.47 and a 200-day moving average price of $238.48. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The firm has a market cap of $149.33 billion, a PE ratio of 22.89, a PEG ratio of 2.40 and a beta of 1.06.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data 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 company 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 earned $2.51 EPS. Union Pacific's revenue was up 2.5% on a year-over-year basis. Research analysts expect 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.