Montecito Bank & Trust Sells 2,261 Shares of Union Pacific Corporation $UNP

Montecito Bank & Trust lessened its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 20.8% in the fourth quarter, Holdings Channel.com reports. 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 & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Caitlin John LLC purchased a new stake in shares of Union Pacific during the 3rd quarter valued at approximately $27,000. Saranac Partners Ltd bought a new position in Union Pacific in the 3rd quarter worth approximately $27,000. Howard Hughes Medical Institute purchased a new position in Union Pacific in the 2nd quarter valued at approximately $30,000. Total Investment Management Inc. bought a new stake in Union Pacific during the 2nd quarter valued at $31,000. Finally, Sagard Holdings Management Inc. purchased a new stake in shares of Union Pacific during the second quarter worth $33,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays reiterated an “overweight” rating and set a $285.00 price objective (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. TD Cowen lowered their price target on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. BMO Capital Markets reaffirmed a “market perform” rating and set a $295.00 price objective on shares of Union Pacific in a research note on Thursday, February 19th. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. Finally, Citigroup reissued a “buy” rating and issued a $270.00 price target (up from $265.00) on shares of Union Pacific in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $264.86.

Union Pacific Price Performance

UNP opened at $238.44 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $141.49 billion, a P/E ratio of 19.92, a PEG ratio of 2.56 and a beta of 0.95. The stock has a 50-day moving average price of $247.48 and a 200-day moving average price of $234.55. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $268.14.

Union Pacific (NYSE:UNP) last released its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.91 EPS. Equities analysts predict that Union Pacific Corporation will post 11.99 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 Tuesday, March 31st. Investors of record on Friday, February 27th will be given 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 dividend payout ratio (DPR) is presently 46.12%.

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.