Freestone Capital Holdings LLC Increases Stake in Union Pacific Corporation $UNP

Freestone Capital Holdings LLC raised its position in shares of Union Pacific Corporation (NYSE:UNP) by 3.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,243 shares of the railroad operator’s stock after purchasing an additional 2,698 shares during the quarter. Union Pacific accounts for about 0.6% of Freestone Capital Holdings LLC’s investment portfolio, making the stock its 26th biggest holding. Freestone Capital Holdings LLC’s holdings in Union Pacific were worth $18,462,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UNP. Envestnet Portfolio Solutions Inc. grew its holdings in Union Pacific by 10.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock valued at $21,475,000 after purchasing an additional 8,925 shares during the last quarter. LGT Group Foundation lifted its stake in shares of Union Pacific by 9.7% during the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after acquiring an additional 477 shares during the last quarter. Nuveen LLC bought a new stake in shares of Union Pacific during the 1st quarter worth approximately $988,822,000. SlateStone Wealth LLC boosted its holdings in Union Pacific by 6.2% during the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after acquiring an additional 772 shares during the period. Finally, Gallacher Capital Management LLC boosted its stake in shares of Union Pacific by 153.1% during the first quarter. Gallacher Capital Management LLC now owns 2,513 shares of the railroad operator’s stock valued at $594,000 after purchasing an additional 1,520 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP opened at $220.80 on Monday. The firm has a market capitalization of $130.97 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. The business’s 50-day moving average is $224.37 and its two-hundred day moving average is $224.37. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $2.75 EPS. Research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Argus downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their target price on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. Finally, Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and increased their price objective for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $261.63.

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.