Brighton Jones LLC Raises Stock Holdings in Union Pacific Corporation $UNP

Brighton Jones LLC raised its position in shares of Union Pacific Corporation (NYSE:UNP) by 2.0% during the 2nd quarter, Holdings Channel reports. The fund owned 9,470 shares of the railroad operator’s stock after purchasing an additional 190 shares during the period. Brighton Jones LLC’s holdings in Union Pacific were worth $2,179,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UNP. GAMMA Investing LLC raised its holdings in shares of Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after acquiring an additional 1,520 shares in the last quarter. Money Concepts Capital Corp purchased a new stake in shares of Union Pacific during the 1st quarter worth approximately $207,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Union Pacific by 21.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,123 shares of the railroad operator’s stock worth $15,583,000 after acquiring an additional 11,881 shares in the last quarter. 3Chopt Investment Partners LLC purchased a new stake in shares of Union Pacific during the 1st quarter worth approximately $313,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Union Pacific by 3.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 79,752 shares of the railroad operator’s stock worth $18,915,000 after acquiring an additional 2,369 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $216.56 on Monday. The stock’s fifty day moving average is $224.95 and its two-hundred day moving average is $224.40. The company has a market capitalization of $128.44 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.Union Pacific’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.75 EPS. As a group, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Wall Street Analyst Weigh In

UNP has been the topic of several recent research reports. Baird R W upgraded Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Evercore ISI decreased their price target on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. Susquehanna restated a “positive” rating and set a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Sanford C. Bernstein increased their price target on Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Friday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

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.