Ledyard National Bank Buys 1,365 Shares of Union Pacific Co. (NYSE:UNP)

Ledyard National Bank boosted its position in Union Pacific Co. (NYSE:UNP) by 15.4% during the third quarter, Holdings Channel reports. The fund owned 10,201 shares of the railroad operator’s stock after acquiring an additional 1,365 shares during the period. Ledyard National Bank’s holdings in Union Pacific were worth $2,514,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in UNP. AdvisorNet Financial Inc raised its holdings in shares of Union Pacific by 3.4% during the 1st quarter. AdvisorNet Financial Inc now owns 2,468 shares of the railroad operator’s stock valued at $607,000 after buying an additional 82 shares in the last quarter. Austin Private Wealth LLC lifted its holdings in shares of Union Pacific by 11.8% in the 1st quarter. Austin Private Wealth LLC now owns 1,204 shares of the railroad operator’s stock worth $291,000 after acquiring an additional 127 shares during the last quarter. Von Berge Wealth Management Group LLC boosted its stake in shares of Union Pacific by 3.9% in the 1st quarter. Von Berge Wealth Management Group LLC now owns 1,276 shares of the railroad operator’s stock valued at $314,000 after purchasing an additional 48 shares in the last quarter. New England Professional Planning Group Inc. grew its holdings in shares of Union Pacific by 84.6% during the 1st quarter. New England Professional Planning Group Inc. now owns 4,367 shares of the railroad operator’s stock valued at $1,074,000 after purchasing an additional 2,001 shares during the last quarter. Finally, Schoolcraft Capital LLC raised its position in Union Pacific by 196.4% in the 1st quarter. Schoolcraft Capital LLC now owns 7,111 shares of the railroad operator’s stock worth $1,749,000 after purchasing an additional 4,712 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Barclays cut their target price on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Stifel Nicolaus lowered their price target on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Citigroup assumed coverage on shares of Union Pacific in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 price objective on the stock. Finally, Bank of America cut their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $260.53.

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by company insiders.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $240.35 on Tuesday. The business has a fifty day moving average price of $246.48 and a 200-day moving average price of $238.59. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The company has a market capitalization of $146.42 billion, a PE ratio of 22.57, a PEG ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a 1-year low of $199.97 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. Union Pacific’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $2.57 EPS. As a group, equities analysts expect that Union Pacific Co. will post 11.07 EPS for the current fiscal year.

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.