Turn8 Private Wealth Inc. Boosts Stock Position in Union Pacific Corporation $UNP

Turn8 Private Wealth Inc. raised its holdings in Union Pacific Corporation (NYSE:UNP) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,803 shares of the railroad operator’s stock after purchasing an additional 695 shares during the period. Union Pacific comprises approximately 2.5% of Turn8 Private Wealth Inc.’s holdings, making the stock its 24th largest holding. Turn8 Private Wealth Inc.’s holdings in Union Pacific were worth $3,369,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Advyzon Investment Management LLC increased its stake in shares of Union Pacific by 15.9% in the second quarter. Advyzon Investment Management LLC now owns 2,289 shares of the railroad operator’s stock worth $527,000 after buying an additional 314 shares during the last quarter. VeraBank N.A. grew its holdings in Union Pacific by 21.3% during the 2nd quarter. VeraBank N.A. now owns 2,571 shares of the railroad operator’s stock worth $592,000 after acquiring an additional 451 shares in the last quarter. Vise Technologies Inc. acquired a new position in Union Pacific during the 2nd quarter worth $2,964,000. Allworth Financial LP increased its position in shares of Union Pacific by 3.9% in the 2nd quarter. Allworth Financial LP now owns 55,498 shares of the railroad operator’s stock worth $12,769,000 after purchasing an additional 2,070 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Union Pacific by 3.0% in the 2nd quarter. Fidelis Capital Partners LLC now owns 8,965 shares of the railroad operator’s stock valued at $2,021,000 after purchasing an additional 259 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank Of Canada lifted their price target on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. TD Cowen decreased their target price on Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and lifted their target price for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Finally, Citigroup raised their price objective on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. One equities research 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 data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $261.63.

Union Pacific Trading Up 0.4%

Shares of NYSE UNP opened at $224.72 on Wednesday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a market cap of $133.30 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The stock’s 50 day simple moving average is $224.12 and its 200 day simple moving average is $224.54.

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

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.