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

CNB Bank lessened its holdings in Union Pacific Co. (NYSE:UNP) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,330 shares of the railroad operator’s stock after selling 56 shares during the period. Union Pacific makes up approximately 1.7% of CNB Bank’s portfolio, making the stock its 9th biggest holding. CNB Bank’s holdings in Union Pacific were worth $3,724,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. One Capital Management LLC bought a new stake in shares of Union Pacific in the 2nd quarter worth approximately $208,000. Seven Eight Capital LP bought a new position in shares of Union Pacific during the 2nd quarter worth $1,139,000. Miramar Capital LLC raised its stake in Union Pacific by 0.3% in the 2nd quarter. Miramar Capital LLC now owns 53,184 shares of the railroad operator’s stock valued at $12,033,000 after acquiring an additional 180 shares during the period. Intech Investment Management LLC increased its stake in shares of Union Pacific by 41.9% in the second quarter. Intech Investment Management LLC now owns 44,869 shares of the railroad operator’s stock worth $10,152,000 after purchasing an additional 13,244 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Union Pacific by 1.6% during the 2nd quarter. Ieq Capital LLC now owns 28,408 shares of the railroad operator’s stock valued at $6,427,000 after buying an additional 444 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Down 0.7 %

Shares of UNP opened at $233.19 on Friday. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.66. The firm 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 firm has a 50 day moving average price of $234.14 and a 200-day moving average price of $238.82. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77.

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

Union Pacific Announces Dividend

The business also recently disclosed 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 was Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.30%. Union Pacific’s payout ratio is currently 49.22%.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada cut their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Citigroup upped their price target on Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Stifel Nicolaus cut their price objective on shares of Union Pacific from $262.00 to $253.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company lowered their target price on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Nine 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, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.