Easterly Investment Partners LLC Increases Stock Position in Union Pacific Corporation $UNP

Key Points

• Easterly Investment Partners LLC increased its stock position in Union Pacific Corporation by 50.5% during the second quarter, now holding 15,317 shares valued at approximately $3.52 million.
• Union Pacific reported $3.03 earnings per share for the last quarter, exceeding analyst expectations, and revenue rose by 2.4% compared to the previous year.
• Research analysts have set a consensus rating of "Moderate Buy" for Union Pacific stock, with an average price target of $261.58.

Easterly Investment Partners LLC raised its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 50.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,317 shares of the railroad operator's stock after purchasing an additional 5,141 shares during the period. Easterly Investment Partners LLC's holdings in Union Pacific were worth $3,524,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. CBIZ Investment Advisory Services LLC increased its holdings in shares of Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock worth $28,000 after buying an additional 112 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific in the first quarter worth $32,000. WPG Advisers LLC purchased a new stake in shares of Union Pacific in the 1st quarter worth about $33,000. GFG Capital LLC bought a new stake in shares of Union Pacific during the 2nd quarter valued at $38,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Down 0.8%

UNP stock opened at $224.02 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The firm's fifty day moving average is $224.64 and its 200 day moving average is $224.20. The firm has a market cap of $132.87 billion, a PE ratio of 19.46, a P/E/G ratio of 2.35 and a beta of 1.07.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird started coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price target for the company. JPMorgan Chase & Co. dropped their price target on shares of Union Pacific from $267.00 to $265.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. Evercore ISI decreased their target price on 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. Morgan Stanley lowered their price target on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Finally, Sanford C. Bernstein boosted their price target on shares of Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $261.58.

Union Pacific 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.

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