Forum Financial Management LP Raises Holdings in Union Pacific Corporation $UNP

Forum Financial Management LP lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 8.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,106 shares of the railroad operator’s stock after acquiring an additional 728 shares during the period. Forum Financial Management LP’s holdings in Union Pacific were worth $2,095,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC boosted its position in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after buying an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific in the first quarter valued at approximately $32,000. WPG Advisers LLC purchased a new stake in Union Pacific in the first quarter valued at approximately $33,000. GFG Capital LLC purchased a new stake in Union Pacific in the second quarter valued at approximately $38,000. Finally, Cornerstone Planning Group LLC boosted its position in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.5%

Shares of UNP stock opened at $225.35 on Thursday. The stock’s fifty day moving average is $225.06 and its two-hundred day moving average is $224.15. 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 firm has a market capitalization of $133.66 billion, a P/E ratio of 19.58, a PEG ratio of 2.35 and a beta of 1.07. 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 announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.74 EPS. Research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of recent research reports. Wells Fargo & Company upped 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. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and upped their price objective for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Evercore ISI lowered their price objective on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Robert W. Baird initiated coverage on Union Pacific in a research report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price objective on the stock. Finally, Citigroup reaffirmed a “buy” rating and set a $263.00 target price (up from $251.00) on shares of Union Pacific in a research note on Monday, October 13th. One 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $261.58.

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.