Sound View Wealth Advisors Group LLC Decreases Stock Holdings in Union Pacific Corporation $UNP

Sound View Wealth Advisors Group LLC lowered its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,879 shares of the railroad operator’s stock after selling 313 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Union Pacific were worth $893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in UNP. Northern Trust Corp grew its position in Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after acquiring an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Union Pacific by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after buying an additional 354,463 shares during the period. Royal Bank of Canada boosted its holdings in Union Pacific by 1.7% during the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after acquiring an additional 86,292 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the last quarter. Finally, Nuveen LLC bought a new position in Union Pacific in the 1st quarter worth about $988,822,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

Shares of NYSE UNP opened at $221.65 on Monday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. The stock has a market capitalization of $131.47 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 2.27 and a beta of 1.04. The firm’s 50 day simple moving average is $224.06 and its 200-day simple moving average is $224.40. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.75 earnings per share. Analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on UNP. Royal Bank Of Canada raised their price target on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Jefferies Financial Group upgraded Union Pacific from a “hold” rating to a “buy” rating and boosted their target price for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and boosted their price target for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. Sanford C. Bernstein increased their price target on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Evercore ISI reduced their price target on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $261.63.

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.