Pictet North America Advisors 13F: Adds $698K to UNP Stake

Pictet North America Advisors raised its holdings in Union Pacific Corporation UNP by 24.5%, picking up an additional 2,564 shares during the period according to a Form 13F filing with the Securities and Exchange Commission on October 21, 2026.

UNP Union Pacific Corporation

$287.61 ▲ +25.90% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Pictet North America Advisors's Union Pacific Corporation Position

The fund grew its investment by 2,564 shares to finish the quarter with 13,046 shares of the railroad operator. That expansion lifted the total reported value of the position to $3,550,208 based on filing disclosures.

Other Institutional Activity in Union Pacific Corporation

Other large investors also adjusted their holdings around the same time. Quilter trimmed its stake by 4.1%, shedding 5,878 shares to end with 138,504 shares worth about $37,691,094. Livforsakringsbolaget Skandia boosted its position by 11,500 shares, resulting in a total of 22,859 shares valued at roughly $6,220,620. Auto-Owners Insurance sold out completely, dropping its entire holding of 1,022 shares. Curated Wealth Partners also cut back sharply, reducing its position by 7,466,365 shares to hold 2,789 shares valued at about $758,971.

Union Pacific Corporation Stock Up 1.9%

Union Pacific Corporation shares recently traded around $287.98 as of October 22, 2026. On the filing date, the stock closed at $287.87. The railroad operator carries a market capitalization of $171.02 billion and a price-to-earnings ratio of 23.33.

Recent Earnings

Union Pacific Corporation generated $25.41 billion in trailing twelve month revenue alongside basic earnings of $12.34 per share. The company posted a net profit margin of 28.8% and a return on equity of 39.7%.

Dividend

Union Pacific Corporation pays an annual dividend of $5.68 per share, giving the stock a dividend yield of 1.97% with a payout ratio of 44.7%.

Analysts Set New Price Targets

Wall Street firms continue to adjust their outlooks on the rail operator. Baird maintained an outperform rating with a $344.00 target on July 27, 2026. UBS upgraded the stock to a buy rating and raised its target to $339.00 on September 16, 2026. Susquehanna maintained a positive rating with a $333.00 target on October 2, 2026. JP Morgan kept a neutral rating with a $322.00 target on October 5, 2026, while Citigroup maintained a buy rating with a $338.00 target on October 7, 2026. Overall, the stock holds a consensus buy rating and a mean price target of $327.67 across 24 analyst opinions.

About Union Pacific Corporation

Union Pacific Corporation operates through its primary rail subsidiary to haul freight across the western two-thirds of the United States. The company moves everything from agricultural goods and industrial chemicals to automotive products and intermodal containers, making its operational health a key barometer for broader economic activity.

Bottom Line

Institutional investors continue to fine-tune their exposure to the railroad operator as the company navigates its latest quarterly cycle. Observers will watch upcoming earnings reports and freight volume metrics for further clues on demand.