Canandaigua National Bank & Trust Co. Sells 213 Shares of Union Pacific Co. (NYSE:UNP)

Canandaigua National Bank & Trust Co. lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,458 shares of the railroad operator’s stock after selling 213 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Union Pacific were worth $2,385,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UNP. Private Advisor Group LLC raised its position in Union Pacific by 4.3% during the 2nd quarter. Private Advisor Group LLC now owns 40,186 shares of the railroad operator’s stock worth $9,092,000 after buying an additional 1,645 shares during the last quarter. Wakefield Asset Management LLLP purchased a new position in Union Pacific during the second quarter valued at approximately $301,000. Strategic Financial Concepts LLC acquired a new position in Union Pacific in the second quarter valued at approximately $12,807,000. Chris Bulman Inc acquired a new stake in shares of Union Pacific during the 2nd quarter worth approximately $500,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Union Pacific by 116.3% during the 2nd quarter. Acadian Asset Management LLC now owns 19,552 shares of the railroad operator’s stock valued at $4,421,000 after purchasing an additional 10,511 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNP has been the topic of several research analyst reports. Barclays raised their price objective on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $254.00 to $247.00 in a report on Wednesday, September 25th. TD Cowen decreased their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada dropped their price objective on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Benchmark restated a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research report on Friday, October 25th. Nine 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 stock presently has an average rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Stock Down 0.8 %

NYSE UNP traded down $1.82 during trading hours on Monday, reaching $229.68. 2,053,762 shares of the company traded hands, compared to its average volume of 2,176,354. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $139.25 billion, a PE ratio of 21.09, a PEG ratio of 2.33 and a beta of 1.05. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The company has a 50 day moving average of $234.90 and a two-hundred day moving average of $238.67.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The firm 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%. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.51 EPS. As a group, equities analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Monday, December 9th. Union Pacific’s dividend payout ratio is presently 49.22%.

Union Pacific Company 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.