Wrapmanager Inc. Buys New Position in Union Pacific Corporation $UNP

Wrapmanager Inc. purchased a new stake in Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,123 shares of the railroad operator’s stock, valued at approximately $719,000.

Other hedge funds have also added to or reduced their stakes in the company. Pines Wealth Management LLC lifted its position in shares of Union Pacific by 1.7% in the 2nd quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after purchasing an additional 43 shares during the period. Titleist Asset Management LLC raised its stake in Union Pacific by 1.1% in the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after buying an additional 44 shares in the last quarter. Five Oceans Advisors raised its stake in Union Pacific by 3.9% in the second quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after buying an additional 44 shares in the last quarter. St. Johns Investment Management Company LLC lifted its holdings in Union Pacific by 1.6% in the second quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock worth $693,000 after buying an additional 46 shares during the period. Finally, Schubert & Co boosted its position in Union Pacific by 1.9% during the 2nd quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock valued at $578,000 after acquiring an additional 47 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and increased their target price for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Susquehanna reaffirmed a “positive” rating and issued a $272.00 price target (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Evercore ISI decreased their price objective on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a report on Friday, July 25th. UBS Group set a $253.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. Finally, Wells Fargo & Company upped their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. 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 company’s stock. According to MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Stock Performance

Shares of UNP stock opened at $221.48 on Friday. The company has a market capitalization of $131.37 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. 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 one year low of $204.66 and a one year high of $256.84. The company’s 50-day moving average is $224.13 and its 200 day moving average is $224.52.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) 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 firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the prior year, the firm posted $2.75 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts expect 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.