Nicholson Wealth Management Group LLC Raises Position in Union Pacific Corporation $UNP

Nicholson Wealth Management Group LLC grew its position in Union Pacific Corporation (NYSE:UNP) by 3.1% during the 2nd quarter, Holdings Channel reports. The fund owned 8,307 shares of the railroad operator’s stock after buying an additional 252 shares during the quarter. Union Pacific comprises about 1.2% of Nicholson Wealth Management Group LLC’s holdings, making the stock its 16th biggest position. Nicholson Wealth Management Group LLC’s holdings in Union Pacific were worth $1,911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp boosted its holdings in shares of Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after acquiring an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after acquiring an additional 354,463 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after acquiring an additional 86,292 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after purchasing an additional 452,788 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Union Pacific in the first quarter valued at about $988,822,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP opened at $225.98 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The stock has a market cap of $134.03 billion, a P/E ratio of 19.63, a PEG ratio of 2.33 and a beta of 1.07. The company has a 50-day moving average of $224.71 and a two-hundred day moving average of $224.12. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

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, topping analysts’ consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.74 earnings per share. As a group, research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on UNP shares. Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and raised their price objective for the company from $250.00 to $285.00 in a research note on Friday, July 25th. Robert W. Baird started coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price objective for the company. Royal Bank Of Canada raised their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Citigroup reiterated a “buy” rating and issued a $263.00 price objective (up previously from $251.00) on shares of Union Pacific in a research note on Monday. Finally, Evercore ISI reduced their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $261.58.

About Union Pacific

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.