AlTi Global Inc. Boosts Holdings in Union Pacific Corporation $UNP

AlTi Global Inc. grew its holdings in Union Pacific Corporation (NYSE:UNP) by 18.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,372 shares of the railroad operator’s stock after purchasing an additional 2,579 shares during the period. AlTi Global Inc.’s holdings in Union Pacific were worth $3,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in UNP. 180 Wealth Advisors LLC raised its position in Union Pacific by 1.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,516 shares of the railroad operator’s stock valued at $1,269,000 after acquiring an additional 102 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Union Pacific by 20.7% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 61,695 shares of the railroad operator’s stock valued at $14,195,000 after buying an additional 10,566 shares during the period. Bleakley Financial Group LLC increased its holdings in Union Pacific by 4.5% during the 2nd quarter. Bleakley Financial Group LLC now owns 17,465 shares of the railroad operator’s stock worth $4,018,000 after purchasing an additional 751 shares during the period. Strategic Blueprint LLC boosted its position in shares of Union Pacific by 22.1% during the 2nd quarter. Strategic Blueprint LLC now owns 1,787 shares of the railroad operator’s stock worth $411,000 after acquiring an additional 324 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC boosted its position in shares of Union Pacific by 14.7% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 65,209 shares of the railroad operator’s stock valued at $15,003,000 after purchasing an additional 8,373 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP opened at $220.05 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The stock has a fifty day moving average of $225.03 and a 200-day moving average of $224.22. The firm has a market capitalization of $130.51 billion, a P/E ratio of 19.12, a PEG ratio of 2.34 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the prior year, the business posted $2.75 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UNP shares. The Goldman Sachs Group set a $263.00 target price on Union Pacific and gave the stock a “neutral” rating in a research note on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Wells Fargo & Company raised their price objective on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird assumed coverage on Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $261.58.

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.