Zions Bancorporation N.A. Raises Position in Union Pacific Co. (NYSE:UNP)

Zions Bancorporation N.A. lifted its stake in Union Pacific Co. (NYSE:UNP) by 28.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,671 shares of the railroad operator’s stock after purchasing an additional 3,914 shares during the period. Zions Bancorporation N.A.’s holdings in Union Pacific were worth $4,356,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its stake in Union Pacific by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after buying an additional 106,996 shares in the last quarter. Capital Research Global Investors raised its stake in Union Pacific by 7.6% during the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after purchasing an additional 518,985 shares during the period. Legal & General Group Plc lifted its holdings in Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock worth $1,350,924,000 after purchasing an additional 124,571 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Union Pacific by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after buying an additional 237,083 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Union Pacific by 8.3% in the second quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock worth $954,530,000 after buying an additional 322,129 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $240.34 on Thursday. The firm has a market capitalization of $145.71 billion, a P/E ratio of 22.07, a PEG ratio of 2.36 and a beta of 1.06. Union Pacific Co. has a 52 week low of $212.47 and a 52 week high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The company has a 50 day moving average price of $242.46 and a 200 day moving average price of $238.64.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data 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 firm 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 revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.51 earnings per share. Sell-side analysts expect that Union Pacific Co. will post 10.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UNP shares. TD Cowen cut their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a report on Friday, October 25th. Stifel Nicolaus lowered their price target on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a report on Friday, October 25th. Royal Bank of Canada decreased their price objective on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Raymond James lifted their target price on Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a report on Monday, October 14th. Finally, StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. 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. Based on data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Company Profile

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.