Modera Wealth Management LLC Acquires 352 Shares of Union Pacific Corporation $UNP

Modera Wealth Management LLC lifted its position in shares of Union Pacific Corporation (NYSE:UNP) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,144 shares of the railroad operator’s stock after purchasing an additional 352 shares during the period. Modera Wealth Management LLC’s holdings in Union Pacific were worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Union Pacific during the 1st quarter worth $988,822,000. Goldman Sachs Group Inc. lifted its position in shares of Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after purchasing an additional 850,025 shares during the period. Auto Owners Insurance Co boosted its stake in Union Pacific by 61,054.6% during the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after acquiring an additional 623,978 shares in the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in shares of Union Pacific in the 1st quarter valued at about $115,096,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Up 1.7%

Shares of UNP opened at $221.65 on Friday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. 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 business’s 50 day moving average is $224.06 and its 200 day moving average is $224.32. The company has a market capitalization of $131.47 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The company had revenue of $6.24 billion during 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 revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $2.75 earnings per share. Research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on UNP. Argus cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. The Goldman Sachs Group set a $263.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Finally, Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and an average target price of $261.63.

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.