Pacific Capital Partners Ltd Takes Position in Union Pacific Corporation $UNP

Pacific Capital Partners Ltd purchased a new position in Union Pacific Corporation (NYSE:UNP) in the third quarter, Holdings Channel reports. The fund purchased 7,041 shares of the railroad operator’s stock, valued at approximately $1,664,000. Union Pacific accounts for 1.9% of Pacific Capital Partners Ltd’s holdings, making the stock its 22nd biggest holding.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Union Pacific in the second quarter valued at approximately $1,856,340,000. Laurel Wealth Advisors LLC grew its stake in Union Pacific by 22,618.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after acquiring an additional 2,613,083 shares during the period. Amundi increased its holdings in Union Pacific by 35.6% in the 2nd quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock worth $1,134,236,000 after acquiring an additional 1,255,231 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd raised its position in Union Pacific by 3,536.2% during the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock worth $232,767,000 after acquiring an additional 983,855 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Union Pacific by 32.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock valued at $725,222,000 after purchasing an additional 778,411 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP stock opened at $229.08 on Wednesday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. The firm has a market capitalization of $135.88 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.61 and a beta of 0.99. The business has a 50 day simple moving average of $230.13 and a 200-day simple moving average of $227.19.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion for 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%.The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.75 earnings per share. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, December 5th. Union Pacific’s payout ratio is currently 46.90%.

Analysts Set New Price Targets

UNP has been the subject of a number of research reports. UBS Group set a $253.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Friday, October 3rd. TD Cowen lowered their price objective on Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a report on Thursday, December 11th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research note on Thursday, December 18th. Finally, The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $259.58.

Union Pacific Company 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.