2,262 Union Pacific Corporation $UNP Shares Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC boosted its holdings in Union Pacific Corporation (NYSE:UNP) by 1,518.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,411 shares of the railroad operator’s stock after buying an additional 2,262 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in Union Pacific were worth $656,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Lyell Wealth Management LP boosted its holdings in Union Pacific by 11.2% in the third quarter. Lyell Wealth Management LP now owns 35,129 shares of the railroad operator’s stock valued at $9,560,000 after acquiring an additional 3,539 shares during the last quarter. Associated Banc Corp bought a new position in Union Pacific during the 3rd quarter worth approximately $26,203,000. Legacy CG LLC raised its holdings in Union Pacific by 7.9% during the 3rd quarter. Legacy CG LLC now owns 20,072 shares of the railroad operator’s stock worth $5,462,000 after purchasing an additional 1,475 shares during the last quarter. Integrity Advisory Solutions LLC lifted its position in shares of Union Pacific by 4.1% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 3,786 shares of the railroad operator’s stock worth $1,030,000 after purchasing an additional 148 shares during the period. Finally, Heathbridge Capital Management Ltd. acquired a new position in shares of Union Pacific in the 3rd quarter worth approximately $265,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock opened at $308.77 on Thursday. The stock has a market capitalization of $183.49 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 3.00 and a beta of 0.84. Union Pacific Corporation has a 52-week low of $216.32 and a 52-week high of $315.99. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 1.16. The stock’s 50 day moving average price is $287.33 and its two-hundred day moving average price is $271.22.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.06. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the previous year, the business posted $3.08 EPS. Union Pacific’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Corporation will post 13.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UNP shares. The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Friday, October 23rd. Susquehanna upped their price target on shares of Union Pacific from $333.00 to $345.00 and gave the company a “positive” rating in a research report on Tuesday, October 27th. TD Cowen reiterated a “buy” rating and set a $328.00 price target (up from $325.00) on shares of Union Pacific in a report on Friday, October 23rd. Finally, Bank of America increased their price target on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $326.44.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.