Harvest Portfolios Group Inc. Has $1.07 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Harvest Portfolios Group Inc. increased its position in shares of Union Pacific Co. (NYSE:UNP) by 13.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,355 shares of the railroad operator’s stock after purchasing an additional 508 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Union Pacific were worth $1,073,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norden Group LLC bought a new stake in Union Pacific in the 1st quarter valued at $358,000. Oxbow Advisors LLC acquired a new stake in shares of Union Pacific during the first quarter worth $227,000. Duality Advisers LP bought a new stake in Union Pacific in the 1st quarter valued at about $4,780,000. Empirical Finance LLC boosted its position in shares of Union Pacific by 3.4% during the 1st quarter. Empirical Finance LLC now owns 22,685 shares of the railroad operator’s stock worth $5,579,000 after acquiring an additional 743 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Union Pacific by 19.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock valued at $31,078,000 after purchasing an additional 20,173 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of UNP stock opened at $248.49 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $150.65 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 2.27 and a beta of 1.06. The stock has a fifty day simple moving average of $243.88 and a two-hundred day simple moving average of $238.53. Union Pacific Co. has a twelve month low of $208.14 and a twelve month high of $258.66.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same period in the previous year, the company earned $2.51 EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UNP. Robert W. Baird dropped their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus decreased their price target on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Raymond James lifted their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a report on Monday, October 14th. Finally, StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.15.

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.