Biltmore Family Office LLC Trims Stake in Union Pacific Corporation $UNP

Biltmore Family Office LLC cut its position in Union Pacific Corporation (NYSE:UNP) by 12.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,054 shares of the railroad operator’s stock after selling 1,198 shares during the period. Biltmore Family Office LLC’s holdings in Union Pacific were worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of UNP. Nuveen LLC purchased a new position in Union Pacific during the first quarter valued at $988,822,000. Goldman Sachs Group Inc. grew its stake in shares of Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after buying an additional 850,025 shares in the last quarter. Auto Owners Insurance Co grew its stake in shares of Union Pacific by 61,054.6% in the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after buying an additional 623,978 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in shares of Union Pacific in the 1st quarter worth $115,096,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. TD Cowen dropped their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Wells Fargo & Company boosted their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada upped their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Stock Performance

NYSE:UNP opened at $217.89 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The company has a fifty day moving average of $224.81 and a two-hundred day moving average of $224.35. The stock has a market capitalization of $129.24 billion, a PE ratio of 18.51, a P/E/G ratio of 2.28 and a beta of 1.07. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.75 earnings per share. As a group, research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

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.