OneAscent Family Office LLC Has $231,000 Stake in Union Pacific Corporation $UNP

OneAscent Family Office LLC lowered its stake in Union Pacific Corporation (NYSE:UNP) by 51.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,002 shares of the railroad operator’s stock after selling 1,046 shares during the period. OneAscent Family Office LLC’s holdings in Union Pacific were worth $231,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UNP. Envestnet Portfolio Solutions Inc. grew its holdings in Union Pacific by 10.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock worth $21,475,000 after acquiring an additional 8,925 shares during the last quarter. LGT Group Foundation lifted its position in shares of Union Pacific by 9.7% during the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after purchasing an additional 477 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Union Pacific in the first quarter valued at approximately $988,822,000. SlateStone Wealth LLC increased its holdings in shares of Union Pacific by 6.2% in the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock valued at $3,133,000 after purchasing an additional 772 shares in the last quarter. Finally, Gallacher Capital Management LLC lifted its holdings in Union Pacific by 153.1% during the 1st quarter. Gallacher Capital Management LLC now owns 2,513 shares of the railroad operator’s stock worth $594,000 after buying an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on UNP. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and upped their price target for the company from $250.00 to $285.00 in a research note on Friday, July 25th. Citigroup upped their target price on shares of Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Finally, TD Cowen reduced their price objective on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Stock Performance

UNP stock opened at $217.47 on Thursday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The firm has a market cap of $128.99 billion, a PE ratio of 18.48, a P/E/G ratio of 2.27 and a beta of 1.04. The business’s 50-day moving average price is $224.18 and its two-hundred day moving average price is $224.32.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.75 earnings per share. As a group, research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current 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.