Pinnacle Financial Partners Inc Has $61.05 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Pinnacle Financial Partners Inc raised its position in shares of Union Pacific Co. (NYSE:UNP) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,694 shares of the railroad operator’s stock after purchasing an additional 6,211 shares during the period. Union Pacific makes up approximately 1.2% of Pinnacle Financial Partners Inc’s investment portfolio, making the stock its 15th biggest position. Pinnacle Financial Partners Inc’s holdings in Union Pacific were worth $61,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Ameriprise Financial Inc. boosted its position in Union Pacific by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after buying an additional 106,996 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Union Pacific by 7.6% during the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after acquiring an additional 518,985 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Union Pacific by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after acquiring an additional 124,571 shares in the last quarter. Clearbridge Investments LLC grew its position in Union Pacific by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock worth $1,081,348,000 after acquiring an additional 237,083 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Union Pacific by 8.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock worth $954,530,000 after purchasing an additional 322,129 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UNP. Royal Bank of Canada reduced their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company reduced their target price on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Barclays dropped their price target on shares of Union Pacific from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Bank of America lowered their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Nine 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.30.

Union Pacific Stock Performance

NYSE UNP opened at $238.91 on Wednesday. The company has a market cap of $144.84 billion, a P/E ratio of 21.94, a PEG ratio of 2.39 and a beta of 1.06. The company has a fifty day simple moving average of $242.77 and a 200 day simple moving average of $238.63. 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.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (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 business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the prior year, the business earned $2.51 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

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.