Klingman & Associates LLC Raises Stock Holdings in Union Pacific Corporation $UNP

Klingman & Associates LLC boosted its stake in Union Pacific Corporation (NYSE:UNP) by 58.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,811 shares of the railroad operator’s stock after buying an additional 667 shares during the period. Klingman & Associates LLC’s holdings in Union Pacific were worth $417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pittenger & Anderson Inc. raised its holdings in Union Pacific by 5.9% in the 2nd quarter. Pittenger & Anderson Inc. now owns 96,955 shares of the railroad operator’s stock valued at $22,307,000 after buying an additional 5,410 shares during the period. Princeton Global Asset Management LLC raised its holdings in Union Pacific by 118.0% in the 2nd quarter. Princeton Global Asset Management LLC now owns 218 shares of the railroad operator’s stock valued at $50,000 after buying an additional 118 shares during the period. Schnieders Capital Management LLC raised its holdings in Union Pacific by 0.5% in the 2nd quarter. Schnieders Capital Management LLC now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after buying an additional 102 shares during the period. Evermay Wealth Management LLC raised its holdings in Union Pacific by 7.3% in the 2nd quarter. Evermay Wealth Management LLC now owns 1,915 shares of the railroad operator’s stock valued at $441,000 after buying an additional 130 shares during the period. Finally, Lyell Wealth Management LP raised its holdings in Union Pacific by 3.1% in the 2nd quarter. Lyell Wealth Management LP now owns 34,553 shares of the railroad operator’s stock valued at $7,950,000 after buying an additional 1,044 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UNP. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Morgan Stanley cut their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Finally, UBS Group set a $253.00 price target on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $261.58.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $226.50 on Wednesday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The company has a market cap of $134.34 billion, a PE ratio of 19.68, a P/E/G ratio of 2.36 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 has a 50-day simple moving average of $225.02 and a 200-day simple moving average of $224.14.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping 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 business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the company posted $2.74 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

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.