Alta Capital Management LLC Purchases 1,640 Shares of Union Pacific Corporation $UNP

Alta Capital Management LLC raised its position in shares of Union Pacific Corporation (NYSE:UNP) by 8.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,773 shares of the railroad operator’s stock after acquiring an additional 1,640 shares during the period. Alta Capital Management LLC’s holdings in Union Pacific were worth $5,010,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in Union Pacific by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock valued at $21,475,000 after acquiring an additional 8,925 shares during the period. LGT Group Foundation boosted its holdings in Union Pacific by 9.7% during the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after acquiring an additional 477 shares during the period. Nuveen LLC bought a new stake in Union Pacific during the first quarter valued at about $988,822,000. SlateStone Wealth LLC boosted its holdings in Union Pacific by 6.2% during the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after acquiring an additional 772 shares during the period. Finally, Meadow Creek Wealth Advisors LLC boosted its holdings in Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock valued at $866,000 after acquiring an additional 359 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UNP has been the subject of several research reports. Susquehanna reiterated a “positive” rating and issued a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and increased their target price for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. Argus cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Morgan Stanley reduced their target price on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Finally, Baird R W upgraded shares of Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $261.58.

Union Pacific Stock Performance

NYSE:UNP opened at $225.57 on Thursday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $133.79 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. The firm has a 50-day moving average price of $224.61 and a 200 day moving average price of $224.28.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the prior year, the business posted $2.74 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share 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.