Kornitzer Capital Management Inc. KS Purchases 73 Shares of Union Pacific Co. (NYSE:UNP)

Kornitzer Capital Management Inc. KS lifted its position in shares of Union Pacific Co. (NYSE:UNP) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,158 shares of the railroad operator’s stock after purchasing an additional 73 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Union Pacific were worth $7,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cultivar Capital Inc. acquired a new stake in shares of Union Pacific in the second quarter valued at about $27,000. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific during the 2nd quarter worth approximately $28,000. Financial Gravity Asset Management Inc. lifted its position in shares of Union Pacific by 3,250.0% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 130 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Union Pacific in the 3rd quarter valued at $30,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Union Pacific during the second quarter worth $31,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP opened at $242.56 on Friday. The stock has a market capitalization of $147.05 billion, a P/E ratio of 22.27, a PEG ratio of 2.46 and a beta of 1.06. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 12-month low of $208.14 and a 12-month high of $258.66. The stock has a 50-day moving average price of $243.88 and a 200-day moving average price of $238.53.

Union Pacific (NYSE:UNP) last issued its quarterly 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). The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.51 earnings per share. Equities analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UNP. Barclays cut their price target on shares of Union Pacific from $280.00 to $275.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada decreased their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. TD Cowen dropped their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Raymond James lifted their price target on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $259.15.

Union Pacific Company 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.