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

Canandaigua National Bank & Trust Co. decreased its position in Union Pacific Co. (NYSE:UNP) by 2.0% during the fourth quarter, HoldingsChannel reports. The firm 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 filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNP. Chesapeake Wealth Management increased its holdings in Union Pacific by 0.5% in the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after buying an additional 43 shares during the period. Traveka Wealth LLC increased its position in Union Pacific by 3.4% in the 3rd quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock valued at $335,000 after acquiring an additional 45 shares in the last quarter. Red Mountain Financial LLC raised its stake in shares of Union Pacific by 2.0% in the third quarter. Red Mountain Financial LLC now owns 2,276 shares of the railroad operator’s stock worth $561,000 after acquiring an additional 45 shares during the last quarter. True Link Financial Advisors LLC boosted its position in Union Pacific by 1.2% in the 3rd quarter. True Link Financial Advisors LLC now owns 4,016 shares of the railroad operator’s stock valued at $990,000 after buying an additional 47 shares during the last quarter. Finally, Alpha Financial Partners LLC raised its position in shares of Union Pacific by 3.6% during the second quarter. Alpha Financial Partners LLC now owns 1,453 shares of the railroad operator’s stock worth $329,000 after acquiring an additional 50 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Price Performance

Union Pacific stock traded down $1.82 during midday trading on Monday, reaching $229.68. The company’s stock had a trading volume of 2,053,762 shares, compared to its average volume of 2,176,354. The stock has a market cap of $139.25 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The business has a 50-day moving average price of $234.90 and a 200-day moving average price of $238.67.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the previous year, the company earned $2.51 EPS. Union Pacific’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Monday, December 9th. Union Pacific’s payout ratio is 49.22%.

Analyst Ratings Changes

A number of analysts have recently commented on UNP shares. Susquehanna lowered their price target on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. BMO Capital Markets reduced their target price on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. TD Cowen reduced their price objective on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Wells Fargo & Company dropped their target price on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

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.