Union Pacific Co. (NYSE:UNP) is CNB Bank’s 9th Largest Position

CNB Bank lessened its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,330 shares of the railroad operator’s stock after selling 56 shares during the period. Union Pacific comprises approximately 1.7% of CNB Bank’s holdings, making the stock its 9th largest holding. CNB Bank’s holdings in Union Pacific were worth $3,724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNP. One Capital Management LLC purchased a new stake in Union Pacific in the second quarter worth $208,000. Seven Eight Capital LP purchased a new stake in shares of Union Pacific in the 2nd quarter worth about $1,139,000. Miramar Capital LLC boosted its stake in shares of Union Pacific by 0.3% during the 2nd quarter. Miramar Capital LLC now owns 53,184 shares of the railroad operator’s stock valued at $12,033,000 after purchasing an additional 180 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Union Pacific by 41.9% during the second quarter. Intech Investment Management LLC now owns 44,869 shares of the railroad operator’s stock valued at $10,152,000 after buying an additional 13,244 shares during the period. Finally, Ieq Capital LLC raised its stake in Union Pacific by 1.6% in the second quarter. Ieq Capital LLC now owns 28,408 shares of the railroad operator’s stock worth $6,427,000 after buying an additional 444 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.7 %

Shares of UNP stock opened at $233.19 on Friday. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. The firm has a fifty day moving average price of $234.14 and a 200-day moving average price of $238.82. The company has a market cap of $141.37 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.02 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter in the previous year, the company earned $2.51 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts predict that Union Pacific Co. will post 10.95 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.30%. Union Pacific’s payout ratio is currently 49.22%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UNP. JPMorgan Chase & Co. reduced 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. Stifel Nicolaus decreased their price objective on Union Pacific from $262.00 to $253.00 and set a “buy” rating for the company in a report on Thursday. Bank of America reduced 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 report on Tuesday, September 24th. Benchmark reissued a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Finally, Sanford C. Bernstein dropped their price objective on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.35.

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.