FineMark National Bank & Trust Acquires 341 Shares of Union Pacific Co. (UNP)

FineMark National Bank & Trust boosted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,030 shares of the railroad operator’s stock after purchasing an additional 341 shares during the period. FineMark National Bank & Trust’s holdings in Union Pacific were worth $4,238,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Commonwealth Bank of Australia lifted its position in shares of Union Pacific by 9.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 77,962 shares of the railroad operator’s stock valued at $10,842,000 after acquiring an additional 6,562 shares in the last quarter. Morgan Stanley lifted its position in shares of Union Pacific by 2.8% in the 2nd quarter. Morgan Stanley now owns 15,035,819 shares of the railroad operator’s stock valued at $2,130,275,000 after acquiring an additional 413,967 shares in the last quarter. Putnam Investments LLC lifted its position in shares of Union Pacific by 44.9% in the 2nd quarter. Putnam Investments LLC now owns 2,554,019 shares of the railroad operator’s stock valued at $361,853,000 after acquiring an additional 791,990 shares in the last quarter. City Holding Co. purchased a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $186,000. Finally, Parkside Investments LLC purchased a new stake in shares of Union Pacific in the 3rd quarter valued at approximately $185,000. 80.80% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Lynden L. Tennison sold 8,450 shares of the stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the transaction, the executive vice president now owns 53,978 shares in the company, valued at approximately $8,189,542.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the transaction, the executive vice president now owns 106,518 shares in the company, valued at approximately $17,448,713.58. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

UNP has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Wednesday, July 18th. Cowen restated a “hold” rating and issued a $151.00 price target on shares of Union Pacific in a research report on Thursday, July 19th. Credit Suisse Group upped their price target on shares of Union Pacific from $167.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, September 20th. Morgan Stanley upped their price target on shares of Union Pacific from $140.00 to $141.00 and gave the company a “hold” rating in a research report on Tuesday, October 9th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $145.00 price target on shares of Union Pacific in a research report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $161.44.

UNP stock opened at $152.39 on Friday. Union Pacific Co. has a 12-month low of $115.16 and a 12-month high of $165.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.06 and a quick ratio of 0.89. The company has a market capitalization of $110.64 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 1.79 and a beta of 0.95.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. The company had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. On average, research analysts expect that Union Pacific Co. will post 7.84 earnings per share for the current fiscal year.

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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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