Granite Group Advisors LLC Has $2.33 Million Stock Holdings in Union Pacific Corporation $UNP

Granite Group Advisors LLC grew its holdings in Union Pacific Corporation (NYSE:UNP) by 2.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 10,136 shares of the railroad operator’s stock after purchasing an additional 247 shares during the quarter. Union Pacific comprises approximately 1.4% of Granite Group Advisors LLC’s holdings, making the stock its 17th largest position. Granite Group Advisors LLC’s holdings in Union Pacific were worth $2,332,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC raised its stake in Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after acquiring an additional 1,520 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Union Pacific by 12.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,314 shares of the railroad operator’s stock valued at $38,345,000 after purchasing an additional 18,453 shares during the last quarter. Sound Income Strategies LLC increased its position in Union Pacific by 25.2% during the 1st quarter. Sound Income Strategies LLC now owns 630 shares of the railroad operator’s stock worth $149,000 after purchasing an additional 127 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Union Pacific by 83.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 792 shares of the railroad operator’s stock worth $187,000 after purchasing an additional 360 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Union Pacific by 3.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 227,148 shares of the railroad operator’s stock valued at $53,662,000 after purchasing an additional 6,804 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Up 0.6%

NYSE UNP opened at $227.10 on Wednesday. The firm has a market capitalization of $134.70 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07. The business’s 50-day moving average price is $224.61 and its two-hundred day moving average price is $224.27. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Baird R W raised shares of Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Wells Fargo & Company boosted their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. lowered their target price on Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Finally, BMO Capital Markets raised their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.