Exencial Wealth Advisors LLC Trims Stake in Union Pacific Corporation $UNP

Key Points

• Exencial Wealth Advisors LLC has reduced its stake in Union Pacific Corporation by 3.9% during Q2, now holding 29,110 shares valued at approximately $6.7 million.
• Union Pacific reported $3.03 EPS for the quarter, exceeding expectations of $2.84 EPS, with a revenue of $6.15 billion during the same period.
• Analysts have varied price targets for Union Pacific, with Sanford C. Bernstein raising its target from $271 to $286 and Morgan Stanley lowering it from $220 to $215.

Exencial Wealth Advisors LLC cut its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,110 shares of the railroad operator's stock after selling 1,194 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Union Pacific were worth $6,698,000 at the end of the most recent quarter.

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

Union Pacific Trading Down 0.4%

Shares of UNP opened at $226.50 on Wednesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $225.02 and a 200-day simple moving average of $224.14. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The stock has a market cap of $134.34 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. Union Pacific's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.74 EPS. Equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Analysts Set New Price Targets

UNP has been the topic of a number of recent analyst reports. Sanford C. Bernstein upped their price objective on Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a report on Monday, July 21st. UBS Group set a $253.00 price objective on Union Pacific and gave the stock a "neutral" rating in a research report on Friday, October 3rd. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Morgan Stanley dropped their price objective on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Union Pacific in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average 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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