Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Union Pacific Co. (NYSE:UNP)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Union Pacific Co. (NYSE:UNP) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 258,100 shares of the railroad operator’s stock after buying an additional 12,652 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Union Pacific were worth $63,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC raised its holdings in Union Pacific by 6.8% during the third quarter. CreativeOne Wealth LLC now owns 15,807 shares of the railroad operator’s stock worth $3,896,000 after purchasing an additional 1,008 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Union Pacific by 0.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 376,303 shares of the railroad operator’s stock worth $92,751,000 after purchasing an additional 1,844 shares in the last quarter. Cynosure Group LLC raised its holdings in shares of Union Pacific by 90.7% in the third quarter. Cynosure Group LLC now owns 64,262 shares of the railroad operator’s stock worth $15,839,000 after acquiring an additional 30,560 shares during the last quarter. Hardy Reed LLC raised its stake in Union Pacific by 1.9% in the 3rd quarter. Hardy Reed LLC now owns 6,334 shares of the railroad operator’s stock valued at $1,561,000 after purchasing an additional 117 shares during the last quarter. Finally, Townsquare Capital LLC raised its stake in Union Pacific by 19.7% in the 3rd quarter. Townsquare Capital LLC now owns 23,660 shares of the railroad operator’s stock valued at $5,832,000 after purchasing an additional 3,889 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. BMO Capital Markets lowered their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, September 20th. TD Cowen dropped their target price on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Trading Down 0.2 %

NYSE:UNP opened at $245.23 on Thursday. The stock has a market cap of $148.67 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The business’s 50-day simple moving average is $240.19 and its 200 day simple moving average is $238.51.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter last year, the company posted $2.51 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.19%. Union Pacific’s payout ratio is 49.22%.

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.