Ibex Wealth Advisors Acquires 15,847 Shares of Union Pacific Corporation $UNP

Ibex Wealth Advisors bought a new position in Union Pacific Corporation (NYSE:UNP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,847 shares of the railroad operator’s stock, valued at approximately $4,312,000.

A number of other large investors have also bought and sold shares of the company. Eastern Bank boosted its position in shares of Union Pacific by 2.6% in the third quarter. Eastern Bank now owns 214,567 shares of the railroad operator’s stock valued at $58,390,000 after acquiring an additional 5,380 shares during the period. BNP Paribas grew its stake in Union Pacific by 21.5% during the second quarter. BNP Paribas now owns 60,465 shares of the railroad operator’s stock valued at $16,454,000 after acquiring an additional 10,706 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Union Pacific by 9.4% during the 2nd quarter. QRG Capital Management Inc. now owns 102,949 shares of the railroad operator’s stock worth $28,002,000 after acquiring an additional 8,842 shares during the period. KBC Group NV increased its holdings in Union Pacific by 17.7% during the 2nd quarter. KBC Group NV now owns 108,489 shares of the railroad operator’s stock worth $29,509,000 after acquiring an additional 16,295 shares during the period. Finally, Axiom Investment Management LLC bought a new stake in Union Pacific during the 1st quarter worth approximately $9,151,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNP has been the subject of several analyst reports. Stephens raised their price target on shares of Union Pacific from $340.00 to $352.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Royal Bank Of Canada set a $328.00 price target on shares of Union Pacific in a research report on Friday, October 23rd. The Goldman Sachs Group set a $317.00 price target on shares of Union Pacific and gave the stock a “neutral” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. lowered their price objective on Union Pacific from $322.00 to $321.00 and set a “neutral” rating on the stock in a research report on Friday, October 23rd. Finally, Susquehanna lifted their price objective on Union Pacific from $333.00 to $345.00 and gave the company a “positive” rating in a research note on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.09.

Union Pacific Trading Down 0.5%

NYSE:UNP traded down $1.49 during trading hours on Friday, reaching $302.71. The company’s stock had a trading volume of 2,563,489 shares, compared to its average volume of 2,766,625. The firm has a market capitalization of $179.89 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.80 and a beta of 0.84. The firm has a 50-day simple moving average of $287.26 and a 200-day simple moving average of $273.66. Union Pacific Corporation has a 1 year low of $219.89 and a 1 year high of $315.99. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 1.16.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.06. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the previous year, the firm posted $3.08 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Research analysts expect that Union Pacific Corporation will post 13.13 EPS for the current fiscal year.

About Union Pacific

Union Pacific Corporation operates one of the largest freight rail networks in the United States through its subsidiary, Union Pacific Railroad. Its network serves 23 states across the western two-thirds of the country and connects with other railroads, ports and border crossings, including routes to Mexico and Canada. The company transports a broad range of goods, including agricultural products, industrial materials, coal and energy products, and consumer merchandise. Its services support industries such as manufacturing, construction, agriculture, automotive and retail, with intermodal transportation combining rail with truck and shipping services.