Farmers & Merchants Investments Inc. Boosts Position in Union Pacific Co. (UNP)

Farmers & Merchants Investments Inc. boosted its holdings in Union Pacific Co. (NYSE:UNP) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,941 shares of the railroad operator’s stock after purchasing an additional 3,839 shares during the quarter. Union Pacific comprises approximately 1.1% of Farmers & Merchants Investments Inc.’s investment portfolio, making the stock its 18th largest holding. Farmers & Merchants Investments Inc.’s holdings in Union Pacific were worth $16,762,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNP. Morgan Stanley boosted its holdings in Union Pacific by 2.8% during the 2nd quarter. Morgan Stanley now owns 15,035,819 shares of the railroad operator’s stock worth $2,130,275,000 after acquiring an additional 413,967 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Union Pacific by 55.7% during the 2nd quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock worth $782,980,000 after acquiring an additional 1,977,446 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Union Pacific by 1.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,110,636 shares of the railroad operator’s stock worth $724,075,000 after acquiring an additional 91,243 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Union Pacific by 1.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,718,928 shares of the railroad operator’s stock worth $526,898,000 after acquiring an additional 68,502 shares during the last quarter. Finally, Egerton Capital UK LLP boosted its holdings in Union Pacific by 0.3% during the 2nd quarter. Egerton Capital UK LLP now owns 3,279,188 shares of the railroad operator’s stock worth $464,595,000 after acquiring an additional 10,130 shares during the last quarter. 80.36% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the sale, the executive vice president now directly owns 106,518 shares in the company, valued at approximately $17,448,713.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lynden L. Tennison sold 8,450 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total value of $1,282,034.00. Following the completion of the sale, the executive vice president now owns 53,978 shares in the company, valued at $8,189,542.16. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on the stock. Bank of America lifted their price objective on shares of Union Pacific from $175.00 to $177.00 and gave the stock a “buy” rating in a report on Monday, October 1st. Morgan Stanley lifted their price objective on shares of Union Pacific from $140.00 to $141.00 and gave the stock a “hold” rating in a report on Tuesday, October 9th. ValuEngine raised shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Wolfe Research set a $185.00 price objective on shares of Union Pacific and gave the stock a “buy” rating in a report on Tuesday, September 18th. Finally, BMO Capital Markets lifted their price objective on shares of Union Pacific to $180.00 and gave the stock an “outperform” rating in a report on Thursday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $161.44.

Shares of NYSE:UNP opened at $146.22 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $105.17 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.69 and a beta of 0.81. Union Pacific Co. has a fifty-two week low of $115.16 and a fifty-two week high of $165.63.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.05. The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.88 billion. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. During the same period in the previous year, the firm earned $1.50 EPS. On average, analysts expect that Union Pacific Co. will post 7.83 EPS for the current year.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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