Canandaigua National Bank & Trust Co. Sells 1,329 Shares of Union Pacific Corporation (NYSE:UNP)

Canandaigua National Bank & Trust Co. lessened its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 12.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,129 shares of the railroad operator's stock after selling 1,329 shares during the quarter. Canandaigua National Bank & Trust Co.'s holdings in Union Pacific were worth $2,157,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in Union Pacific in the fourth quarter worth approximately $1,927,377,000. Raymond James Financial Inc. bought a new position in shares of Union Pacific in the 4th quarter worth $1,035,905,000. GAMMA Investing LLC lifted its holdings in shares of Union Pacific by 27,502.8% in the 1st quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator's stock worth $588,510,000 after purchasing an additional 2,482,126 shares in the last quarter. Geode Capital Management LLC grew its position in Union Pacific by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock valued at $3,282,305,000 after purchasing an additional 1,616,895 shares during the period. Finally, Capital Research Global Investors increased its stake in Union Pacific by 14.3% during the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock valued at $2,370,559,000 after purchasing an additional 1,298,178 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UNP. Argus raised shares of Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. Susquehanna upgraded shares of Union Pacific from a "neutral" rating to a "positive" rating and upped their target price for the stock from $245.00 to $260.00 in a report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft started coverage on Union Pacific in a research note on Friday, March 7th. They set a "buy" rating and a $295.00 price target for the company. Redburn Atlantic raised Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price objective for the company in a report on Wednesday, April 16th. Finally, Bank of America raised their target price on Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $256.91.

Union Pacific Stock Performance

UNP traded down $0.72 during trading on Thursday, hitting $236.45. 1,327,641 shares of the company traded hands, compared to its average volume of 2,713,420. Union Pacific Corporation has a one year low of $204.66 and a one year high of $258.07. The stock's fifty day moving average is $223.12 and its 200 day moving average is $230.72. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91. The firm has a market cap of $141.27 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The company had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.11 billion. During the same quarter in the previous year, the firm earned $2.69 earnings per share. The firm's revenue was down .1% compared to the same quarter last year. As a group, equities analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, May 30th. Union Pacific's dividend payout ratio (DPR) is 48.29%.

Union Pacific Profile

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.