Avantax Advisory Services Inc. Purchases 1,216 Shares of Union Pacific Corporation $UNP

Avantax Advisory Services Inc. increased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,438 shares of the railroad operator’s stock after buying an additional 1,216 shares during the period. Avantax Advisory Services Inc.’s holdings in Union Pacific were worth $8,614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pines Wealth Management LLC increased its holdings in Union Pacific by 1.7% in the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after purchasing an additional 43 shares in the last quarter. Titleist Asset Management LLC increased its stake in shares of Union Pacific by 1.1% in the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock valued at $946,000 after acquiring an additional 44 shares in the last quarter. Five Oceans Advisors lifted its position in shares of Union Pacific by 3.9% during the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock valued at $272,000 after acquiring an additional 44 shares during the period. St. Johns Investment Management Company LLC boosted its stake in Union Pacific by 1.6% during the second quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock worth $693,000 after acquiring an additional 46 shares in the last quarter. Finally, Schubert & Co boosted its stake in Union Pacific by 1.9% during the second quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock worth $578,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on UNP shares. Citigroup lifted their price target on shares of Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. BMO Capital Markets cut their price target on Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Finally, Wells Fargo & Company raised their price objective on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $221.25 on Tuesday. The company has a market cap of $131.24 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The business has a 50 day moving average price of $224.26 and a 200-day moving average price of $224.77.

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

About Union Pacific

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.