Farmers National Bank Sells 52 Shares of Union Pacific Co. (NYSE:UNP)

Farmers National Bank lessened its holdings in Union Pacific Co. (NYSE:UNP) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,888 shares of the railroad operator’s stock after selling 52 shares during the quarter. Farmers National Bank’s holdings in Union Pacific were worth $880,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. J. W. Coons Advisors LLC lifted its holdings in Union Pacific by 5.3% during the 4th quarter. J. W. Coons Advisors LLC now owns 3,997 shares of the railroad operator’s stock worth $982,000 after buying an additional 201 shares during the period. Rafferty Asset Management LLC boosted its holdings in Union Pacific by 6.6% in the fourth quarter. Rafferty Asset Management LLC now owns 65,990 shares of the railroad operator’s stock valued at $16,208,000 after acquiring an additional 4,072 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in Union Pacific by 17.1% in the fourth quarter. Belpointe Asset Management LLC now owns 8,032 shares of the railroad operator’s stock valued at $1,973,000 after acquiring an additional 1,171 shares during the last quarter. Holderness Investments Co. acquired a new stake in Union Pacific during the 4th quarter valued at approximately $367,000. Finally, Edge Capital Group LLC lifted its position in shares of Union Pacific by 1.9% in the 4th quarter. Edge Capital Group LLC now owns 12,043 shares of the railroad operator’s stock worth $2,958,000 after purchasing an additional 225 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Union Pacific

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on UNP shares. TD Cowen lowered their target price on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Sanford C. Bernstein lowered their price objective on Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. BMO Capital Markets cut their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and dropped their price target for the company from $276.00 to $238.00 in a research note on Monday, June 17th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.79.

Union Pacific Stock Down 0.4 %

Union Pacific stock opened at $245.50 on Wednesday. The firm has a market capitalization of $149.56 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. The firm’s fifty day moving average price is $245.99 and its two-hundred day moving average price is $238.83. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89.

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

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.36 annualized dividend and a yield of 2.18%. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is 51.15%.

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.