Allianz SE Sells 1,170 Shares of Union Pacific Corporation $UNP

Allianz SE lowered its position in shares of Union Pacific Corporation (NYSE:UNP) by 3.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,707 shares of the railroad operator’s stock after selling 1,170 shares during the quarter. Allianz SE’s holdings in Union Pacific were worth $7,295,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UNP. CBIZ Investment Advisory Services LLC increased its holdings in shares of Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 112 shares in the last quarter. Access Investment Management LLC acquired a new position in shares of Union Pacific in the second quarter valued at approximately $32,000. WPG Advisers LLC bought a new stake in shares of Union Pacific during the first quarter worth $33,000. GFG Capital LLC acquired a new stake in shares of Union Pacific during the second quarter worth $38,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of Union Pacific during the first quarter worth $43,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on UNP shares. Wells Fargo & Company upped their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. The Goldman Sachs Group set a $263.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Cowen reiterated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and boosted their price target for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Finally, Citigroup increased their price objective on shares of Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Union Pacific Stock Performance

NYSE UNP opened at $223.68 on Thursday. The firm has a market capitalization of $132.68 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The firm’s fifty day moving average price is $224.17 and its two-hundred day moving average price is $224.54. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.75 EPS. As a group, research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

About Union Pacific

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.