Balentine LLC Buys 182 Shares of Union Pacific Corporation $UNP

by · The Cerbat Gem

Balentine LLC raised its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 19.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,133 shares of the railroad operator’s stock after purchasing an additional 182 shares during the period. Balentine LLC’s holdings in Union Pacific were worth $261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Golden State Wealth Management LLC increased its stake in Union Pacific by 3.5% in the first quarter. Golden State Wealth Management LLC now owns 1,658 shares of the railroad operator’s stock valued at $392,000 after purchasing an additional 56 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in Union Pacific by 5.7% in the first quarter. Resonant Capital Advisors LLC now owns 2,041 shares of the railroad operator’s stock valued at $482,000 after purchasing an additional 110 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in Union Pacific by 3.4% in the first quarter. Checchi Capital Advisers LLC now owns 5,982 shares of the railroad operator’s stock valued at $1,413,000 after purchasing an additional 197 shares in the last quarter. Davidson Trust Co. acquired a new position in shares of Union Pacific during the first quarter valued at about $886,000. Finally, Silver Oak Securities Incorporated grew its holdings in shares of Union Pacific by 8.5% during the first quarter. Silver Oak Securities Incorporated now owns 1,077 shares of the railroad operator’s stock valued at $250,000 after buying an additional 84 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UNP has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Evercore ISI reduced their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a report on Friday, July 25th. Morgan Stanley reduced their price objective on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Citigroup lifted their price objective on shares of Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Sanford C. Bernstein lifted their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a report on Monday, July 21st. One equities research 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. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Get Our Latest Research Report on Union Pacific

Union Pacific Stock Up 0.9%

Union Pacific stock opened at $220.80 on Friday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The stock has a market cap of $130.97 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The firm’s 50-day simple moving average is $224.37 and its 200 day simple moving average is $224.29. 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 – Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. During the same period in the previous year, the company earned $2.75 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

About Union Pacific

(Free Report)

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.

See Also