NBT Bank N A NY Sells 554 Shares of Union Pacific Corporation $UNP

NBT Bank N A NY lessened its position in Union Pacific Corporation (NYSE:UNP) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,047 shares of the railroad operator’s stock after selling 554 shares during the period. NBT Bank N A NY’s holdings in Union Pacific were worth $8,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of Union Pacific during the 1st quarter worth about $988,822,000. Goldman Sachs Group Inc. boosted its holdings in shares of Union Pacific by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after buying an additional 850,025 shares during the period. Auto Owners Insurance Co boosted its holdings in shares of Union Pacific by 61,054.6% during the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after buying an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. bought a new stake in shares of Union Pacific during the 1st quarter worth about $115,096,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after buying an additional 452,788 shares during the period. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the subject of several research analyst reports. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a report on Saturday, September 27th. UBS Group set a $253.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a report on Friday. Sanford C. Bernstein lifted their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Baird R W raised shares of Union Pacific to a “hold” rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $260.54.

Union Pacific Stock Performance

NYSE UNP opened at $232.11 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $137.67 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.47 and a beta of 1.07. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The firm has a 50-day moving average price of $223.99 and a two-hundred day moving average price of $224.51.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.74 EPS. Analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 29th. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio is presently 47.96%.

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.