Zions Bancorporation National Association UT Decreases Position in Union Pacific Corporation $UNP

Zions Bancorporation National Association UT reduced its stake in shares of Union Pacific Corporation (NYSE:UNP) by 90.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,959 shares of the railroad operator’s stock after selling 18,072 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Union Pacific were worth $463,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Howard Hughes Medical Institute purchased a new position in Union Pacific in the 2nd quarter valued at about $30,000. Total Investment Management Inc. acquired a new position in shares of Union Pacific in the second quarter worth about $31,000. Financial Gravity Companies Inc. purchased a new position in Union Pacific in the second quarter valued at about $31,000. Access Investment Management LLC purchased a new position in Union Pacific in the second quarter valued at about $32,000. Finally, Sagard Holdings Management Inc. acquired a new stake in Union Pacific during the 2nd quarter valued at approximately $33,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $267.00 target price on shares of Union Pacific in a research report on Tuesday, January 27th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. Barclays reiterated an “overweight” rating and set a $285.00 price objective (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. BMO Capital Markets set a $255.00 target price on shares of Union Pacific in a research report on Wednesday, January 7th. Finally, Weiss Ratings raised shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $258.32.

Union Pacific Stock Up 0.8%

Shares of NYSE:UNP opened at $262.64 on Wednesday. The stock has a market capitalization of $155.85 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $265.37. The company’s fifty day moving average is $237.56 and its two-hundred day moving average is $229.22. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter in the previous year, the business posted $2.91 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, February 27th. Union Pacific’s payout ratio is presently 46.12%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.