Canandaigua National Bank & Trust Co. Reduces Stock Position in Union Pacific Co. (NYSE:UNP)

Canandaigua National Bank & Trust Co. trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,671 shares of the railroad operator’s stock after selling 265 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Union Pacific were worth $2,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Forum Financial Management LP boosted its position in Union Pacific by 0.6% in the first quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after purchasing an additional 41 shares during the last quarter. Prestige Wealth Management Group LLC boosted its holdings in shares of Union Pacific by 1.4% in the first quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock worth $741,000 after buying an additional 42 shares during the last quarter. Fairhaven Wealth Management LLC grew its position in Union Pacific by 1.7% during the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after buying an additional 43 shares during the period. Chesapeake Wealth Management increased its holdings in Union Pacific by 0.5% during the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after buying an additional 43 shares during the last quarter. Finally, Elevated Capital Advisors LLC raised its position in Union Pacific by 3.6% in the first quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock worth $312,000 after acquiring an additional 44 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UNP. TD Cowen cut their price objective on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $276.00 to $238.00 in a research note on Monday, June 17th. Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research report on Monday, July 29th. Bank of America decreased their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Finally, Barclays dropped their price target on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.32.

Union Pacific Stock Performance

Union Pacific stock opened at $240.64 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a twelve month low of $199.33 and a twelve month high of $258.66. The company’s 50-day moving average price is $246.21 and its 200-day moving average price is $238.87. The company has a market cap of $146.82 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period last year, the company earned $2.57 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts forecast that Union Pacific Co. will post 11.1 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were paid a dividend of $1.34 per share. The ex-dividend date was Friday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.23%. Union Pacific’s payout ratio is currently 51.15%.

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.