Biltmore Family Office LLC Sells 1,198 Shares of Union Pacific Corporation $UNP
Biltmore Family Office LLC has reduced its stake in Union Pacific Corporation (NYSE: UNP) by 12.9%, selling 1,198 shares during the 2nd quarter. After the sale, Biltmore holds 8,054 shares valued at approximately $1.85 million. Other institutional investors have also adjusted their positions, with significant increases from firms like Nuveen LLC and Goldman Sachs. Union Pacific's stock has received mixed analyst ratings, with an average price target of $261.63. The company reported earnings of $3.08 per share, exceeding estimates, and has a market cap of $129.24 billion.
Biltmore Family Office LLC decreased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 12.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,054 shares of the railroad operator's stock after selling 1,198 shares during the quarter. Biltmore Family Office LLC's holdings in Union Pacific were worth $1,853,000 at the end of the most recent quarter.
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Several other large investors have also added to or reduced their stakes in the business. Nuveen LLC bought a new position in shares of Union Pacific during the 1st quarter worth approximately $988,822,000. Goldman Sachs Group Inc. grew its stake in 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 valued at $873,878,000 after buying an additional 850,025 shares in the last quarter. Auto Owners Insurance Co grew its stake in 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 valued at $147,650,000 after buying an additional 623,978 shares in the last quarter. Menora Mivtachim Holdings LTD. bought a new position in Union Pacific in the 1st quarter valued at $115,096,000. Finally, Canada Pension Plan Investment Board boosted its holdings in Union Pacific by 10.8% in the 1st 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 purchasing an additional 452,788 shares during the period. Institutional investors own 80.38% of the company's stock.
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Analyst Ratings Changes
UNP has been the subject of several analyst reports. Robert W. Baird started coverage on shares of Union Pacific in a report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price target for the company. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. Royal Bank Of Canada boosted their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Barclays cut shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Evercore ISI reduced their price target on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Union Pacific currently has an average rating of "Moderate Buy" and an average price target of $261.63.
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Union Pacific Trading Down 0.2%
Shares of NYSE UNP opened at $217.89 on Wednesday. The firm's 50 day moving average price is $224.81 and its 200-day moving average price is $224.35. The company has a market cap 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 52-week low of $204.66 and a 52-week high of $256.84. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75.
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Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating analysts' consensus estimates of $2.99 by $0.09. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.75 earnings per share. On average, equities research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.
Union Pacific Profile
(Free Report)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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