Avidian Wealth Enterprises LLC Cuts Stock Holdings in Union Pacific Corporation $UNP

Avidian Wealth Enterprises LLC decreased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 13.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,707 shares of the railroad operator’s stock after selling 422 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Union Pacific were worth $623,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. CBIZ Investment Advisory Services LLC lifted its holdings in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 112 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in Union Pacific during the first quarter worth $32,000. WPG Advisers LLC bought a new stake in Union Pacific during the first quarter worth $33,000. GFG Capital LLC bought a new stake in Union Pacific during the second quarter worth $38,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 56 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

Shares of UNP opened at $225.35 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The firm has a market cap of $133.66 billion, a PE ratio of 19.58, a PEG ratio of 2.35 and a beta of 1.07. The stock’s fifty day moving average price is $225.06 and its two-hundred day moving average price is $224.15.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on UNP shares. Baird R W upgraded Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Wells Fargo & Company lifted their price target on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Susquehanna restated a “positive” rating and issued a $272.00 target price (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Finally, BMO Capital Markets boosted their target price on Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $261.58.

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.