Union Pacific Corporation $UNP Stock Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC raised its position in Union Pacific Corporation (NYSE:UNP) by 1,518.1% in the third quarter, HoldingsChannel reports. The fund owned 2,411 shares of the railroad operator’s stock after purchasing an additional 2,262 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in Union Pacific were worth $656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UNP. Legal & General Group Plc bought a new position in shares of Union Pacific in the 2nd quarter worth $1,193,135,000. Canada Pension Plan Investment Board acquired a new stake in Union Pacific in the 2nd quarter valued at $1,094,677,000. Bank of America Corp DE grew its position in Union Pacific by 16.8% in the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock valued at $3,509,030,000 after purchasing an additional 2,084,808 shares during the period. Jupiter Topco LLC bought a new stake in Union Pacific during the 2nd quarter valued at $479,274,000. Finally, State Street Corp increased its stake in Union Pacific by 4.9% during the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock valued at $7,586,243,000 after purchasing an additional 1,302,732 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on UNP. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Friday, October 23rd. TD Cowen reiterated a “buy” rating and set a $328.00 price objective (up from $325.00) on shares of Union Pacific in a report on Friday, October 23rd. Barclays reissued an “overweight” rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Bank of America boosted their target price on shares of Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Citizens Jmp initiated coverage on shares of Union Pacific in a report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.44.

Union Pacific Stock Up 1.8%

Shares of NYSE:UNP opened at $308.77 on Thursday. The stock has a market cap of $183.49 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 3.00 and a beta of 0.84. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.32. Union Pacific Corporation has a 12-month low of $216.32 and a 12-month high of $315.99. The business’s 50 day moving average is $287.33 and its 200 day moving average is $271.22.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.06. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. Union Pacific’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.08 earnings per share. On average, sell-side analysts forecast that Union Pacific Corporation will post 13.13 earnings per share for the current fiscal year.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.