Cornerstone Advisors LLC Has $11.50 Million Stock Position in Union Pacific Corporation $UNP

Cornerstone Advisors LLC raised its stake in Union Pacific Corporation (NYSE:UNP) by 32.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the railroad operator’s stock after acquiring an additional 12,200 shares during the quarter. Cornerstone Advisors LLC’s holdings in Union Pacific were worth $11,504,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UNP. Edgestream Partners L.P. acquired a new position in Union Pacific in the 1st quarter valued at $319,000. Formidable Asset Management LLC boosted its position in shares of Union Pacific by 6.5% in the first quarter. Formidable Asset Management LLC now owns 5,636 shares of the railroad operator’s stock valued at $1,331,000 after acquiring an additional 346 shares during the period. St. Louis Trust Co grew its stake in shares of Union Pacific by 6.8% in the first quarter. St. Louis Trust Co now owns 12,084 shares of the railroad operator’s stock valued at $2,855,000 after acquiring an additional 773 shares in the last quarter. Keyes Stange & Wooten Wealth Management LLC grew its stake in shares of Union Pacific by 2.5% in the first quarter. Keyes Stange & Wooten Wealth Management LLC now owns 3,045 shares of the railroad operator’s stock valued at $719,000 after acquiring an additional 73 shares in the last quarter. Finally, FAS Wealth Partners Inc. increased its position in Union Pacific by 3.1% during the first quarter. FAS Wealth Partners Inc. now owns 14,381 shares of the railroad operator’s stock worth $3,397,000 after acquiring an additional 427 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UNP. Susquehanna reissued a “positive” rating and issued a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. BMO Capital Markets dropped their price target on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Finally, Argus cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Trading Up 0.6%

Shares of UNP opened at $222.87 on Friday. 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 Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The firm has a market cap of $132.19 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.27 and a beta of 1.04. The business’s fifty day moving average is $224.18 and its 200-day moving average is $224.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data 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. The business 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 for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.75 EPS. Equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

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.