Montecito Bank & Trust Has $2 Million Position in Union Pacific Corporation $UNP

Montecito Bank & Trust decreased its stake in Union Pacific Corporation (NYSE:UNP) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,624 shares of the railroad operator’s stock after selling 2,261 shares during the period. Montecito Bank & Trust’s holdings in Union Pacific were worth $1,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Union Pacific during the 2nd quarter worth approximately $1,856,340,000. Capital World Investors raised its stake in Union Pacific by 193.3% during the third quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after buying an additional 6,908,016 shares during the last quarter. Capital Research Global Investors lifted its holdings in Union Pacific by 95.0% in the third quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock valued at $2,059,538,000 after buying an additional 4,244,226 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after acquiring an additional 3,861,636 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its holdings in Union Pacific by 22,618.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock worth $603,876,000 after acquiring an additional 2,613,083 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Trading Up 1.5%

NYSE:UNP opened at $238.44 on Tuesday. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $268.14. The firm has a 50-day moving average price of $247.48 and a two-hundred day moving average price of $234.55. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. The firm has a market cap of $141.49 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95.

Union Pacific (NYSE:UNP) last released its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.06). The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $2.91 earnings per share. On average, equities analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal 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 2.3%. The ex-dividend date is Friday, February 27th. Union Pacific’s payout ratio is presently 46.12%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings upgraded Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $267.00 price objective on shares of Union Pacific in a research report on Tuesday, January 27th. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. Royal Bank Of Canada set a $280.00 price target on shares of Union Pacific in a report on Thursday, December 18th. Finally, Evercore raised shares of Union Pacific from an “in-line” rating to an “outperform” rating and set a $262.00 price objective on the stock in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $264.86.

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.