Union Pacific Corporation $UNP Shares Bought by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC grew its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 118.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218 shares of the railroad operator’s stock after purchasing an additional 118 shares during the period. Princeton Global Asset Management LLC’s holdings in Union Pacific were worth $50,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UNP. Envestnet Portfolio Solutions Inc. increased its position in shares of Union Pacific by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock worth $21,475,000 after acquiring an additional 8,925 shares during the period. LGT Group Foundation raised its position in Union Pacific by 9.7% in the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after purchasing an additional 477 shares in the last quarter. Nuveen LLC purchased a new position in shares of Union Pacific in the 1st quarter valued at about $988,822,000. SlateStone Wealth LLC grew its position in shares of Union Pacific by 6.2% during the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after buying an additional 772 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC grew its position in shares of Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock worth $866,000 after buying an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on UNP shares. BMO Capital Markets lifted their price target on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Argus downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Finally, Baird R W raised Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $261.58.

Union Pacific Stock Performance

Shares of UNP stock opened at $227.37 on Tuesday. The stock’s 50-day moving average is $224.87 and its two-hundred day moving average is $224.12. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The firm has a market cap of $134.86 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 2.35 and a beta of 1.07.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.74 EPS. Analysts predict that Union Pacific Corporation will post 11.99 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.