Union Pacific Corporation $UNP Stock Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. lowered its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 33.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,780 shares of the railroad operator’s stock after selling 18,190 shares during the period. Union Pacific comprises 0.7% of Lockheed Martin Investment Management Co.’s portfolio, making the stock its 29th largest holding. Lockheed Martin Investment Management Co.’s holdings in Union Pacific were worth $10,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Union Pacific by 4.9% during the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock worth $7,586,243,000 after acquiring an additional 1,302,732 shares during the period. Bank of America Corp DE increased its stake in Union Pacific by 0.4% in the second quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator’s stock valued at $3,951,497,000 after acquiring an additional 64,492 shares during the period. Royal Bank of Canada increased its stake in Union Pacific by 0.5% in the first quarter. Royal Bank of Canada now owns 4,617,313 shares of the railroad operator’s stock valued at $1,120,251,000 after acquiring an additional 23,698 shares during the period. Legal & General Group Plc acquired a new position in Union Pacific in the second quarter worth about $1,193,135,000. Finally, Canada Pension Plan Investment Board acquired a new position in Union Pacific in the second quarter worth about $1,094,677,000. Institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UNP. Rothschild & Co Redburn raised their price target on shares of Union Pacific from $313.00 to $323.00 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. Wells Fargo & Company reiterated an “overweight” rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Citizens Jmp began coverage on Union Pacific in a report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 target price for the company. Sanford C. Bernstein increased their target price on Union Pacific from $346.00 to $347.00 and gave the stock an “outperform” rating in a report on Tuesday, October 20th. Finally, Susquehanna raised their target price on Union Pacific from $333.00 to $345.00 and gave the stock a “positive” rating in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $325.09.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $296.81 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.16 and a quick ratio of 0.99. The firm has a market cap of $176.38 billion, a P/E ratio of 23.13, a P/E/G ratio of 3.05 and a beta of 0.84. The firm has a 50 day simple moving average of $286.50 and a 200 day simple moving average of $272.24. Union Pacific Corporation has a fifty-two week low of $219.89 and a fifty-two week high of $315.99.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data 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 firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the previous year, the company posted $3.08 EPS. Union Pacific’s revenue was up 15.3% on a year-over-year basis. Sell-side analysts predict that Union Pacific Corporation will post 13.13 earnings per share for the current fiscal year.

Union Pacific Company Profile

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.

Union Pacific traces its history to the Pacific Railway Act of 1862 and played a central role in building the first transcontinental railroad, completed in 1869.