Ledyard National Bank Grows Position in Union Pacific Co. (NYSE:UNP)

Ledyard National Bank increased its holdings in Union Pacific Co. (NYSE:UNP) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,590 shares of the railroad operator’s stock after acquiring an additional 468 shares during the quarter. Ledyard National Bank’s holdings in Union Pacific were worth $1,554,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Cox Capital Mgt LLC lifted its position in shares of Union Pacific by 3.0% during the second quarter. Cox Capital Mgt LLC now owns 5,144 shares of the railroad operator’s stock valued at $870,000 after buying an additional 149 shares during the last quarter. Dorsey Wright & Associates lifted its position in shares of Union Pacific by 9.5% during the second quarter. Dorsey Wright & Associates now owns 1,878 shares of the railroad operator’s stock valued at $318,000 after buying an additional 163 shares during the last quarter. Swedbank lifted its position in shares of Union Pacific by 3.3% during the second quarter. Swedbank now owns 728,163 shares of the railroad operator’s stock valued at $123,140,000 after buying an additional 22,947 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its position in shares of Union Pacific by 2.2% during the second quarter. Beese Fulmer Investment Management Inc. now owns 12,048 shares of the railroad operator’s stock valued at $2,037,000 after buying an additional 254 shares during the last quarter. Finally, DNB Asset Management AS lifted its position in shares of Union Pacific by 3.8% during the second quarter. DNB Asset Management AS now owns 115,940 shares of the railroad operator’s stock valued at $19,607,000 after buying an additional 4,266 shares during the last quarter. 77.81% of the stock is owned by institutional investors.

In other news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the transaction, the executive vice president now owns 94,943 shares in the company, valued at $17,093,537.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.96% of the company’s stock.

UNP opened at $170.39 on Friday. Union Pacific Co. has a 52-week low of $128.08 and a 52-week high of $180.54. The company has a quick ratio of 0.72, a current ratio of 0.89 and a debt-to-equity ratio of 1.35. The company has a market cap of $118.03 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.99 and a beta of 1.07. The firm’s 50-day moving average price is $163.13 and its 200-day moving average price is $168.75.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 17th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.07). Union Pacific had a net margin of 27.28% and a return on equity of 32.65%. The company had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the company earned $2.15 EPS. The business’s revenue was down 7.0% compared to the same quarter last year. On average, research analysts anticipate that Union Pacific Co. will post 8.52 EPS for the current fiscal year.

Several research firms have commented on UNP. Credit Suisse Group increased their price target on shares of Union Pacific from $182.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Cowen reissued a “buy” rating and set a $172.00 price target on shares of Union Pacific in a research report on Thursday, October 17th. BMO Capital Markets decreased their price target on shares of Union Pacific from $190.00 to $188.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Goldman Sachs Group began coverage on shares of Union Pacific in a research report on Wednesday, July 10th. They set a “buy” rating and a $198.00 price target for the company. Finally, ValuEngine lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $179.50.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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