Montecito Bank & Trust Increases Stock Holdings in Union Pacific Co. (NYSE:UNP)

Montecito Bank & Trust lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 15.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,773 shares of the railroad operator’s stock after purchasing an additional 1,879 shares during the quarter. Montecito Bank & Trust’s holdings in Union Pacific were worth $3,395,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of UNP. Cultivar Capital Inc. purchased a new position in shares of Union Pacific during the 2nd quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new position in Union Pacific in the second quarter worth $28,000. Financial Gravity Asset Management Inc. lifted its holdings in Union Pacific by 3,250.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 130 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Union Pacific during the 3rd quarter worth $30,000. Finally, Fairscale Capital LLC acquired a new position in shares of Union Pacific during the 2nd quarter worth $31,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UNP shares. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Barclays lowered their target price on Union Pacific from $280.00 to $275.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. TD Cowen cut their price target on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company lowered their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, BMO Capital Markets dropped their target price on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $259.15.

Union Pacific Trading Up 6.3 %

Shares of UNP stock opened at $248.49 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a fifty-two week low of $208.14 and a fifty-two week high of $258.66. The firm’s 50 day moving average price is $243.88 and its two-hundred day moving average price is $238.53. The stock has a market cap of $150.65 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period last year, the business earned $2.51 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current 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.