Jennison Associates LLC Buys 464,477 Shares of Union Pacific Co. (NYSE:UNP)

Jennison Associates LLC increased its stake in shares of Union Pacific Co. (NYSE:UNP) by 170.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 736,246 shares of the railroad operator’s stock after buying an additional 464,477 shares during the period. Jennison Associates LLC owned 0.12% of Union Pacific worth $181,470,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PCJ Investment Counsel Ltd. boosted its holdings in shares of Union Pacific by 32.1% during the third quarter. PCJ Investment Counsel Ltd. now owns 5,560 shares of the railroad operator’s stock worth $1,370,000 after acquiring an additional 1,350 shares during the period. Strategy Asset Managers LLC lifted its holdings in Union Pacific by 14.7% during the 3rd quarter. Strategy Asset Managers LLC now owns 1,565 shares of the railroad operator’s stock worth $386,000 after purchasing an additional 201 shares during the last quarter. Prospera Private Wealth LLC boosted its stake in Union Pacific by 5,203.9% in the 3rd quarter. Prospera Private Wealth LLC now owns 47,099 shares of the railroad operator’s stock valued at $11,609,000 after purchasing an additional 46,211 shares during the period. West Family Investments Inc. grew its holdings in Union Pacific by 13.7% in the 3rd quarter. West Family Investments Inc. now owns 1,869 shares of the railroad operator’s stock valued at $461,000 after buying an additional 225 shares in the last quarter. Finally, Second Half Financial Partners LLC bought a new position in Union Pacific during the 3rd quarter worth $204,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on UNP shares. Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. BMO Capital Markets dropped their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Sanford C. Bernstein reduced their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company dropped their price objective on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Citigroup increased their target price on Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Stock Performance

NYSE:UNP opened at $233.29 on Wednesday. The stock’s 50-day moving average is $241.14 and its 200-day moving average is $238.55. Union Pacific Co. has a 1-year low of $216.92 and a 1-year high of $258.66. 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 cap of $141.43 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.51 earnings per share. Equities research analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Profile

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.