Raymond James Trust N.A. Boosts Holdings in Union Pacific Co. (NYSE:UNP)

Raymond James Trust N.A. lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,228 shares of the railroad operator’s stock after purchasing an additional 2,264 shares during the period. Raymond James Trust N.A.’s holdings in Union Pacific were worth $26,676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. First County Bank CT lifted its position in shares of Union Pacific by 2.3% in the third quarter. First County Bank CT now owns 8,702 shares of the railroad operator’s stock valued at $2,145,000 after acquiring an additional 198 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in Union Pacific by 8.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 391,776 shares of the railroad operator’s stock valued at $94,610,000 after purchasing an additional 30,383 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Union Pacific by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,561,936 shares of the railroad operator’s stock worth $877,946,000 after buying an additional 38,999 shares in the last quarter. Smithfield Trust Co raised its position in shares of Union Pacific by 1.3% in the third quarter. Smithfield Trust Co now owns 18,913 shares of the railroad operator’s stock valued at $4,657,000 after buying an additional 235 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Union Pacific by 19.5% in the third quarter. Pacer Advisors Inc. now owns 62,549 shares of the railroad operator’s stock worth $15,417,000 after buying an additional 10,205 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UNP shares. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Raymond James lifted their price objective on Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Robert W. Baird dropped their target price on Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Benchmark reissued a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Finally, BMO Capital Markets cut their price objective on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Stock Performance

Shares of UNP opened at $239.02 on Friday. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. The stock has a market capitalization of $144.91 billion, a PE ratio of 21.95, a PEG ratio of 2.31 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a 50-day simple moving average of $240.67 and a 200-day simple moving average of $238.52.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.51 earnings per share. On average, analysts predict that Union Pacific Co. will post 10.94 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.