First Citizens Bank & Trust Co. Acquires 10,566 Shares of Union Pacific Corporation $UNP

Key Points

• First Citizens Bank & Trust Co. increased its holdings in Union Pacific Corporation by 20.7%, acquiring an additional 10,566 shares, bringing its total holdings to 61,695 shares valued at approximately $14.2 million.
• Analysts have positive outlooks for Union Pacific, with recent price target upgrades from several firms, including an increase from $271.00 to $286.00 by Sanford C. Bernstein.
• Union Pacific reported earnings of $3.08 per share for the latest quarter, exceeding analysts' expectations, contributing to a 2.5% increase in revenue year-over-year.

First Citizens Bank & Trust Co. increased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 20.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,695 shares of the railroad operator's stock after acquiring an additional 10,566 shares during the period. First Citizens Bank & Trust Co.'s holdings in Union Pacific were worth $14,195,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. CBIZ Investment Advisory Services LLC raised its stake in shares of Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock worth $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific in the 1st quarter valued at $32,000. WPG Advisers LLC bought a new position in Union Pacific during the 1st quarter valued at $33,000. Cornerstone Planning Group LLC boosted its holdings in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Finally, GFG Capital LLC bought a new stake in shares of Union Pacific in the 2nd quarter worth $38,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Sanford C. Bernstein increased their price target on Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. BMO Capital Markets boosted their target price on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Evercore ISI lowered their price target on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a report on Friday, July 25th. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Finally, Baird R W raised Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Union Pacific has a consensus rating of "Moderate Buy" and an average target price of $261.58.

Union Pacific Price Performance

Shares of NYSE UNP opened at $225.35 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The stock has a market cap of $133.66 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07. The stock has a fifty day moving average of $225.06 and a 200-day moving average of $224.15.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating analysts' consensus estimates of $2.97 by $0.11. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.During the same quarter last year, the firm posted $2.75 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

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.

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