Princeton Global Asset Management LLC Increases Position in Union Pacific Corporation $UNP

Princeton Global Asset Management LLC increased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 118.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 218 shares of the railroad operator’s stock after acquiring an additional 118 shares during the period. Princeton Global Asset Management LLC’s holdings in Union Pacific were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of Union Pacific by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after purchasing an additional 1,520 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Union Pacific by 83.3% during the first quarter. Exchange Traded Concepts LLC now owns 792 shares of the railroad operator’s stock worth $187,000 after purchasing an additional 360 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Union Pacific by 1.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,018 shares of the railroad operator’s stock valued at $16,305,000 after buying an additional 934 shares during the last quarter. Jmac Enterprises LLC increased its stake in Union Pacific by 84.6% in the 1st quarter. Jmac Enterprises LLC now owns 1,661 shares of the railroad operator’s stock valued at $392,000 after buying an additional 761 shares during the period. Finally, Whalen Wealth Management Inc. purchased a new position in Union Pacific during the 1st quarter worth $846,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $227.37 on Tuesday. The firm has a market capitalization of $134.86 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The business’s 50 day simple moving average is $224.87 and its 200-day simple moving average is $224.12. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $2.74 EPS. As a group, equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Susquehanna reaffirmed 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. Morgan Stanley cut their target price on 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. Evercore ISI reduced their price target 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. Finally, Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. One 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 company. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.58.

Union Pacific Company Profile

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.