Premier Path Wealth Partners LLC Sells 228 Shares of Union Pacific Corporation $UNP

Premier Path Wealth Partners LLC cut its position in Union Pacific Corporation (NYSE:UNP) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,743 shares of the railroad operator’s stock after selling 228 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Union Pacific were worth $861,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of Union Pacific by 10.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock valued at $21,475,000 after acquiring an additional 8,925 shares during the period. LGT Group Foundation boosted its position in shares of Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after acquiring an additional 477 shares during the period. Nuveen LLC bought a new position in shares of Union Pacific in the first quarter valued at approximately $988,822,000. SlateStone Wealth LLC boosted its position in shares of Union Pacific by 6.2% in the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after acquiring an additional 772 shares during the period. Finally, Truist Financial Corp boosted its position in shares of Union Pacific by 2.7% in the first quarter. Truist Financial Corp now owns 968,061 shares of the railroad operator’s stock valued at $228,695,000 after acquiring an additional 25,900 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on UNP. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. BMO Capital Markets decreased their target price on Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley decreased their target price on 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. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Union Pacific Trading Up 1.2%

UNP stock opened at $218.89 on Friday. The company has a market capitalization of $129.84 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The company’s 50 day moving average price is $224.50 and its two-hundred day moving average price is $224.30. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75.

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

Union Pacific 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.