RFG Advisory LLC Reduces Stock Position in Union Pacific Corporation $UNP

Key Points

• RFG Advisory LLC has reduced its stake in Union Pacific Corporation by 24.4%, dropping to 8,427 shares after selling 2,721 shares during the second quarter.
• Union Pacific reported earnings per share (EPS) of $3.03 for the last quarter, exceeding analysts' estimates of $2.84, with a revenue increase of 2.4% year-over-year.
• Union Pacific's stock currently holds an average rating of "Moderate Buy" from analysts, with a consensus target price of $261.58.

RFG Advisory LLC lowered its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 24.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,427 shares of the railroad operator's stock after selling 2,721 shares during the period. RFG Advisory LLC's holdings in Union Pacific were worth $1,939,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of 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 buying an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator's stock worth $1,641,715,000 after buying an additional 354,463 shares in the last quarter. Royal Bank of Canada raised its position in shares of Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator's stock worth $1,206,191,000 after buying an additional 86,292 shares in the last quarter. Canada Pension Plan Investment Board raised its position 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 buying an additional 452,788 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Union Pacific in the first quarter worth $988,822,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of recent analyst reports. Argus downgraded Union Pacific from a "buy" rating to a "hold" rating in a research report on Tuesday, August 12th. Robert W. Baird initiated coverage on Union Pacific in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective on the stock. Wells Fargo & Company increased 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. BMO Capital Markets raised their price target on Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Evercore ISI lowered their price target on Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Union Pacific has an average rating of "Moderate Buy" and a consensus target price of $261.58.

Union Pacific Stock Down 0.7%

Shares of NYSE:UNP opened at $225.57 on Thursday. The stock's 50-day moving average price is $224.61 and its 200-day moving average price is $224.28. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The stock has a market capitalization of $133.79 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. 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 (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.09 billion. During the same period last year, the firm earned $2.74 earnings per share. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

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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