Kennebec Savings Bank Acquires New Position in Union Pacific Co. (NYSE:UNP)

Kennebec Savings Bank bought a new position in shares of Union Pacific Co. (NYSE:UNP) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 6,040 shares of the railroad operator’s stock, valued at approximately $1,489,000. Union Pacific accounts for about 1.5% of Kennebec Savings Bank’s investment portfolio, making the stock its 15th largest position.

Other large investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in Union Pacific by 22.0% in the first quarter. Russell Investments Group Ltd. now owns 394,808 shares of the railroad operator’s stock valued at $97,020,000 after buying an additional 71,105 shares in the last quarter. Hohimer Wealth Management LLC increased its stake in Union Pacific by 57.6% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,341 shares of the railroad operator’s stock valued at $330,000 after purchasing an additional 490 shares in the last quarter. Focused Wealth Management Inc raised its holdings in Union Pacific by 28.4% during the first quarter. Focused Wealth Management Inc now owns 1,933 shares of the railroad operator’s stock worth $475,000 after purchasing an additional 428 shares during the last quarter. Bleakley Financial Group LLC boosted its position in Union Pacific by 14.9% during the first quarter. Bleakley Financial Group LLC now owns 17,128 shares of the railroad operator’s stock worth $4,212,000 after purchasing an additional 2,218 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its holdings in Union Pacific by 11.9% in the first quarter. Motley Fool Asset Management LLC now owns 20,215 shares of the railroad operator’s stock valued at $4,971,000 after purchasing an additional 2,155 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

UNP stock opened at $241.49 on Monday. The stock’s 50 day moving average is $243.38 and its two-hundred day moving average is $238.62. Union Pacific Co. has a 52-week low of $208.14 and a 52-week high of $258.66. The company has a market capitalization of $146.41 billion, a PE ratio of 22.18, a P/E/G ratio of 2.39 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 (NYSE:UNP) last posted its quarterly earnings results 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). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.51 earnings per share. Analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on UNP. Barclays cut their price target on Union Pacific from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and lowered their price target for the company from $254.00 to $247.00 in a research report on Wednesday, September 25th. TD Cowen cut their price objective on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada lowered their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.15.

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.