Cullen Frost Bankers Inc. Has $40 Million Holdings in Union Pacific Corporation $UNP

Cullen Frost Bankers Inc. lessened its holdings in Union Pacific Corporation (NYSE:UNP) by 0.3% in the 2nd quarter, Holdings Channel reports. The firm owned 173,834 shares of the railroad operator’s stock after selling 513 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Union Pacific were worth $39,996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CBIZ Investment Advisory Services LLC lifted its stake in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of Union Pacific in the 1st quarter valued at $32,000. WPG Advisers LLC acquired a new stake in shares of Union Pacific in the 1st quarter valued at $33,000. Cornerstone Planning Group LLC lifted its stake in shares of Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. Finally, GFG Capital LLC acquired a new stake in shares of Union Pacific in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

NYSE:UNP opened at $226.50 on Wednesday. The firm’s 50-day moving average is $225.02 and its 200-day moving average is $224.14. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market cap of $134.34 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.36 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the previous year, the firm posted $2.74 EPS. The business’s revenue was up 2.4% 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.

Analysts Set New Price Targets

A number of research firms have weighed in on UNP. Evercore ISI cut their target price on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research report on Friday, July 25th. Robert W. Baird began coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 target price for the company. BMO Capital Markets boosted their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and boosted their target price for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Finally, Sanford C. Bernstein boosted their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $261.58.

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.