Ritholtz Wealth Management Sells 9,567 Shares of Union Pacific Corporation $UNP

Key Points

• Ritholtz Wealth Management reduced its stake in Union Pacific Corporation by 26.4%, selling 9,567 shares during the 2nd quarter, leaving it with a holding valued at $6,145,000.
• Several institutional investors have recently adjusted their positions in Union Pacific, with Northern Trust Corp increasing its stake by 2.0%, while the company remains largely owned by institutional investors at 80.38%.
• Union Pacific reported a Q2 EPS of $3.03, exceeding analysts' expectations, with revenue of $6.15 billion, showing a 2.4% year-over-year increase.

Ritholtz Wealth Management trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 26.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,707 shares of the railroad operator's stock after selling 9,567 shares during the quarter. Ritholtz Wealth Management's holdings in Union Pacific were worth $6,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UNP. Northern Trust Corp boosted its holdings in shares of Union Pacific by 2.0% in the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock worth $1,678,575,000 after purchasing an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in 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 worth $1,641,715,000 after buying an additional 354,463 shares during the period. Royal Bank of Canada boosted its stake in Union Pacific by 1.7% during 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 during the period. Canada Pension Plan Investment Board increased its position in Union Pacific by 10.8% during the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock valued at $1,092,893,000 after acquiring an additional 452,788 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Union Pacific in the 1st quarter worth about $988,822,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

UNP stock opened at $227.10 on Wednesday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The business has a 50-day moving average price of $224.61 and a 200 day moving average price of $224.27. The company has a market capitalization of $134.70 billion, a P/E ratio of 19.73, a PEG ratio of 2.35 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter last year, the firm posted $2.74 EPS. The company's revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities research 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. Barclays lowered shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. BMO Capital Markets boosted their target price on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada raised their price target on shares of Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Morgan Stanley decreased their price objective on shares of 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, Citigroup reissued a "buy" rating and issued a $263.00 price objective (up from $251.00) on shares of Union Pacific in a research report on Monday. One research 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 stock. According to data from MarketBeat.com, Union Pacific currently 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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