NewEdge Wealth LLC Purchases 6,822 Shares of Union Pacific Corporation $UNP

NewEdge Wealth LLC lifted its position in Union Pacific Corporation (NYSE:UNP) by 5.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 121,919 shares of the railroad operator’s stock after buying an additional 6,822 shares during the quarter. NewEdge Wealth LLC’s holdings in Union Pacific were worth $28,202,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UNP. Acadian Asset Management LLC boosted its position in shares of Union Pacific by 40.4% in the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after purchasing an additional 665 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in Union Pacific by 0.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock worth $4,741,000 after buying an additional 102 shares during the last quarter. Main Street Financial Solutions LLC increased its position in Union Pacific by 1.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock valued at $859,000 after buying an additional 58 shares in the last quarter. HUB Investment Partners LLC raised its stake in Union Pacific by 10.0% in the second quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock valued at $1,401,000 after buying an additional 554 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Union Pacific by 7.4% in the second quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after buying an additional 105,664 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $264.38 on Friday. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $274.79. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The company has a market cap of $156.96 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.81 and a beta of 0.99. The company’s 50 day moving average is $252.20 and its 200 day moving average is $240.37.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating the consensus estimate of $2.86 by $0.07. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.70 EPS. On average, sell-side analysts forecast that Union Pacific Corporation will post 12.53 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their price target on Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Barclays reaffirmed an “overweight” rating and issued a $315.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. Evercore reiterated an “outperform” rating and issued a $277.00 target price on shares of Union Pacific in a research note on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating and set a $289.00 price target (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $279.55.

Insider Activity at Union Pacific

In related news, EVP Eric J. Gehringer sold 1,999 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.93, for a total transaction of $469,625.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the sale, the executive vice president directly owned 61,102 shares in the company, valued at approximately $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 31,386 shares of company stock worth $8,461,716 over the last three months. Company insiders own 0.22% of the company’s stock.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.