NBT Bank N A NY Sells 152 Shares of Union Pacific Co. (NYSE:UNP)

NBT Bank N A NY trimmed its position in Union Pacific Co. (NYSE:UNP) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,451 shares of the railroad operator’s stock after selling 152 shares during the period. NBT Bank N A NY’s holdings in Union Pacific were worth $8,540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its holdings in Union Pacific by 16.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator’s stock worth $705,000 after purchasing an additional 403 shares in the last quarter. Impax Asset Management Group plc increased its holdings in Union Pacific by 2,025.4% during the 3rd quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock worth $134,636,000 after purchasing an additional 520,536 shares in the last quarter. Fiera Capital Corp increased its holdings in Union Pacific by 7.2% during the 3rd quarter. Fiera Capital Corp now owns 14,892 shares of the railroad operator’s stock worth $3,671,000 after purchasing an additional 995 shares in the last quarter. Leavell Investment Management Inc. increased its holdings in Union Pacific by 0.7% during the 3rd quarter. Leavell Investment Management Inc. now owns 9,228 shares of the railroad operator’s stock worth $2,274,000 after purchasing an additional 60 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in Union Pacific during the 3rd quarter worth approximately $1,865,000. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup boosted their price objective on Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. BMO Capital Markets boosted their price objective on Union Pacific from $275.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Raymond James reissued a “strong-buy” rating and set a $285.00 price objective (up from $265.00) on shares of Union Pacific in a report on Friday, January 24th. Barclays boosted their target price on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Union Pacific in a research note on Friday. They issued a “buy” rating and a $295.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $263.00.

Insiders Place Their Bets

In other Union Pacific news, President Elizabeth F. Whited sold 7,500 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the sale, the president now owns 64,960 shares in the company, valued at $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $252.00, for a total value of $1,636,740.00. Following the sale, the executive vice president now owns 26,319 shares in the company, valued at approximately $6,632,388. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock opened at $249.84 on Monday. The company has a market cap of $150.98 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.15 and a beta of 1.05. The business’s 50 day simple moving average is $241.04 and its 200 day simple moving average is $240.95. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.07. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same quarter in the prior year, the company earned $2.71 EPS. Sell-side analysts forecast that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $1.34 per share. The ex-dividend date is Friday, February 28th. This represents a $5.36 annualized dividend and a dividend yield of 2.15%. Union Pacific’s dividend payout ratio is currently 48.33%.

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.