Waterfront Wealth Inc. Sells 189 Shares of Union Pacific Corporation $UNP

Waterfront Wealth Inc. lessened its holdings in Union Pacific Corporation (NYSE:UNP) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,650 shares of the railroad operator’s stock after selling 189 shares during the quarter. Waterfront Wealth Inc.’s holdings in Union Pacific were worth $2,680,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in UNP. CBIZ Investment Advisory Services LLC raised its holdings in Union Pacific by 1,400.0% in the 1st 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. bought a new position in Union Pacific during the 1st quarter worth approximately $32,000. WPG Advisers LLC bought a new position in Union Pacific during the 1st quarter worth approximately $33,000. Cornerstone Planning Group LLC raised its holdings in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after purchasing an additional 56 shares during the last quarter. Finally, GFG Capital LLC bought a new position in Union Pacific during the 2nd quarter worth approximately $38,000. Institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on UNP shares. Wells Fargo & Company raised their price target on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. BMO Capital Markets lowered their price target on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Royal Bank Of Canada raised their price target on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Finally, Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Union Pacific Stock Performance

NYSE:UNP opened at $217.89 on Wednesday. The company has a fifty day moving average of $224.81 and a 200-day moving average of $224.35. The firm has a market capitalization of $129.24 billion, a P/E ratio of 18.51, a P/E/G ratio of 2.28 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 twelve month low of $204.66 and a twelve month high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 EPS. As a group, sell-side analysts anticipate 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.