Montecito Bank & Trust Has $3.19 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Montecito Bank & Trust reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,498 shares of the railroad operator’s stock after selling 111 shares during the period. Montecito Bank & Trust’s holdings in Union Pacific were worth $3,189,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UNP. Norges Bank bought a new stake in shares of Union Pacific during the 4th quarter worth $1,927,377,000. Raymond James Financial Inc. bought a new stake in shares of Union Pacific during the 4th quarter worth $1,035,905,000. GAMMA Investing LLC boosted its holdings in Union Pacific by 27,502.8% in the 1st quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator’s stock valued at $588,510,000 after purchasing an additional 2,482,126 shares during the period. Geode Capital Management LLC boosted its holdings in Union Pacific by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator’s stock valued at $3,282,305,000 after purchasing an additional 1,616,895 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Union Pacific by 14.3% in the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator’s stock valued at $2,370,559,000 after purchasing an additional 1,298,178 shares during the period. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Down 1.0%

Shares of Union Pacific stock opened at $223.17 on Monday. The stock has a market capitalization of $133.34 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The company has a 50-day simple moving average of $220.90 and a 200 day simple moving average of $231.45. Union Pacific Co. has a 12-month low of $204.66 and a 12-month high of $258.07.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $2.69 EPS. Research analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Friday, May 30th. Union Pacific’s payout ratio is presently 48.29%.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. Stifel Nicolaus reduced their price target on shares of Union Pacific from $270.00 to $248.00 and set a “buy” rating for the company in a report on Monday, April 14th. Raymond James reissued a “strong-buy” rating on shares of Union Pacific in a report on Friday, April 25th. Bank of America increased their price target on shares of Union Pacific from $256.00 to $262.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, Jefferies Financial Group reduced their price target on shares of Union Pacific from $255.00 to $230.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.74.

Union Pacific 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.