Stratos Wealth Advisors LLC Lowers Holdings in Union Pacific Corporation $UNP

Stratos Wealth Advisors LLC cut its holdings in Union Pacific Corporation (NYSE:UNP) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,638 shares of the railroad operator’s stock after selling 125 shares during the period. Stratos Wealth Advisors LLC’s holdings in Union Pacific were worth $377,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in UNP. Northern Trust Corp increased its stake in Union Pacific by 2.0% in the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after acquiring an additional 142,732 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Union Pacific by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after acquiring an additional 354,463 shares during the last quarter. Royal Bank of Canada increased its stake in Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after acquiring an additional 86,292 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after acquiring an additional 452,788 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Union Pacific in the 1st quarter worth approximately $988,822,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

NYSE UNP opened at $225.98 on Monday. The company has a market cap of $134.03 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.35 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The business’s 50 day moving average price is $224.71 and its 200-day moving average price is $224.02. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data 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. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the previous year, the business earned $2.74 EPS. Union Pacific’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on UNP. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Baird R W raised Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Sanford C. Bernstein lifted their price objective on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Wells Fargo & Company boosted their target price on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, BMO Capital Markets boosted their target price on Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.