AlTi Global Inc. Has $3.80 Million Stock Holdings in Union Pacific Corporation $UNP

AlTi Global Inc. raised its stake in Union Pacific Corporation (NYSE:UNP) by 18.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,372 shares of the railroad operator’s stock after buying an additional 2,579 shares during the period. AlTi Global Inc.’s holdings in Union Pacific were worth $3,802,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of UNP. 180 Wealth Advisors LLC increased its stake in Union Pacific by 1.9% in the second quarter. 180 Wealth Advisors LLC now owns 5,516 shares of the railroad operator’s stock valued at $1,269,000 after purchasing an additional 102 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Union Pacific by 20.7% in the second quarter. First Citizens Bank & Trust Co. now owns 61,695 shares of the railroad operator’s stock valued at $14,195,000 after purchasing an additional 10,566 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Union Pacific by 4.5% during the 2nd quarter. Bleakley Financial Group LLC now owns 17,465 shares of the railroad operator’s stock valued at $4,018,000 after acquiring an additional 751 shares during the last quarter. Strategic Blueprint LLC lifted its stake in Union Pacific by 22.1% during the second quarter. Strategic Blueprint LLC now owns 1,787 shares of the railroad operator’s stock worth $411,000 after purchasing an additional 324 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC grew its holdings in shares of Union Pacific by 14.7% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 65,209 shares of the railroad operator’s stock valued at $15,003,000 after purchasing an additional 8,373 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 2.3%

NYSE:UNP opened at $220.05 on Friday. The company has a market cap of $130.51 billion, a PE ratio of 19.12, a P/E/G ratio of 2.34 and a beta of 1.07. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week 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 business’s 50 day moving average is $225.03 and its two-hundred day moving average is $224.22.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $2.75 EPS. On average, analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on UNP. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. JPMorgan Chase & Co. cut their price target on shares of Union Pacific from $267.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. Finally, Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $261.58.

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.