Zions Bancorporation N.A. Grows Stake in Union Pacific Co. (NYSE:UNP)

Zions Bancorporation N.A. grew its position in Union Pacific Co. (NYSE:UNP - Free Report) by 28.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,671 shares of the railroad operator's stock after acquiring an additional 3,914 shares during the quarter. Zions Bancorporation N.A.'s holdings in Union Pacific were worth $4,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in UNP. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific in the 2nd quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in Union Pacific in the second quarter valued at about $28,000. Financial Gravity Asset Management Inc. raised its stake in Union Pacific by 3,250.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator's stock valued at $30,000 after buying an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Union Pacific in the third quarter valued at about $30,000. Finally, Fairscale Capital LLC acquired a new position in shares of Union Pacific in the second quarter valued at about $31,000. Institutional investors own 80.38% of the company's stock.

Analyst Ratings Changes

UNP has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Union Pacific from $263.00 to $252.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Wells Fargo & Company reduced their target price on Union Pacific from $270.00 to $255.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Daiwa America downgraded Union Pacific from a "moderate buy" rating to a "hold" rating in a report on Wednesday, September 4th. Bank of America cut their price target on Union Pacific from $273.00 to $270.00 and set a "buy" rating on the stock in a report on Tuesday, September 24th. Finally, Citigroup upped their price objective on Union Pacific from $255.00 to $267.00 and gave the stock a "neutral" rating in a research report on Tuesday. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and an average price target of $259.80.

Union Pacific Price Performance

NYSE UNP traded down $4.83 during mid-day trading on Thursday, hitting $235.58. The stock had a trading volume of 2,742,141 shares, compared to its average volume of 2,315,950. The company has a 50 day simple moving average of $242.46 and a 200 day simple moving average of $238.64. The company has a market cap of $142.82 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.36 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 52-week low of $215.81 and a 52-week high of $258.66.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same quarter last year, the business earned $2.51 EPS. Union Pacific's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

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.