First National Trust Co Has $8.77 Million Stake in Union Pacific Corporation $UNP

First National Trust Co trimmed its position in Union Pacific Corporation (NYSE:UNP) by 1.5% in the second quarter, HoldingsChannel.com reports. The firm owned 38,120 shares of the railroad operator’s stock after selling 578 shares during the period. First National Trust Co’s holdings in Union Pacific were worth $8,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Northern Trust Corp raised its stake in shares of Union Pacific by 2.0% in the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after buying an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after purchasing an additional 354,463 shares in the last quarter. Royal Bank of Canada raised its position in Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after purchasing an additional 86,292 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Union Pacific in the first quarter worth about $988,822,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $218.26 on Tuesday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The firm has a market cap of $129.46 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The business has a fifty day moving average of $224.92 and a 200-day moving average of $224.36.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $2.75 earnings per share. On average, equities research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UNP. UBS Group set a $253.00 target price on Union Pacific and gave the stock a “neutral” rating in a report on Friday, October 3rd. Morgan Stanley dropped their price objective on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Sanford C. Bernstein increased their price objective on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Argus cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

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.