Piscataqua Savings Bank Decreases Position in Union Pacific Co. (NYSE:UNP)

Piscataqua Savings Bank reduced its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,763 shares of the railroad operator’s stock after selling 137 shares during the period. Union Pacific comprises 1.5% of Piscataqua Savings Bank’s portfolio, making the stock its 19th biggest position. Piscataqua Savings Bank’s holdings in Union Pacific were worth $1,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC increased its position in Union Pacific by 116.7% during the 1st quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $26,000 after buying an additional 70 shares in the last quarter. Tucker Asset Management LLC purchased a new position in Union Pacific in the 1st quarter valued at about $26,000. Miller Wealth Advisors LLC grew its holdings in shares of Union Pacific by 108.3% during the first quarter. Miller Wealth Advisors LLC now owns 125 shares of the railroad operator’s stock worth $30,000 after buying an additional 65 shares in the last quarter. Centerpoint Advisors LLC grew its position in shares of Union Pacific by 86.7% in the first quarter. Centerpoint Advisors LLC now owns 155 shares of the railroad operator’s stock valued at $31,000 after purchasing an additional 72 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Union Pacific in the fourth quarter valued at about $32,000. Institutional investors own 77.36% of the company’s stock.

Insider Activity at Union Pacific

In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of Union Pacific stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total value of $222,830.00. Following the completion of the transaction, the chief financial officer now directly owns 99,378 shares of the company’s stock, valued at approximately $22,144,399.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total transaction of $222,830.00. Following the completion of the sale, the chief financial officer now directly owns 99,378 shares in the company, valued at $22,144,399.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenyatta G. Rocker sold 8,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the completion of the sale, the executive vice president now owns 42,061 shares in the company, valued at $9,355,628.23. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $213.02 on Tuesday. Union Pacific Co. has a 12 month low of $183.69 and a 12 month high of $240.48. The stock has a 50 day moving average of $220.88 and a 200-day moving average of $206.44. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $129.83 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.03 and a beta of 1.11.

Union Pacific (NYSE:UNP) last announced its earnings results on Wednesday, July 26th. The railroad operator reported $2.57 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.18). The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 55.03% and a net margin of 27.18%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.93 EPS. As a group, equities research analysts predict that Union Pacific Co. will post 10.5 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, August 30th. Union Pacific’s payout ratio is 47.45%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on UNP shares. Stephens boosted their price target on shares of Union Pacific from $232.00 to $257.00 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Atlantic Securities downgraded Union Pacific from an “overweight” rating to a “neutral” rating and set a $244.00 price target for the company. in a report on Thursday, July 27th. Citigroup raised their price objective on shares of Union Pacific from $235.00 to $270.00 in a research note on Thursday, July 27th. Robert W. Baird lifted their price target on Union Pacific from $228.00 to $260.00 in a research note on Thursday, July 27th. Finally, Morgan Stanley reduced their target price on Union Pacific from $171.00 to $168.00 in a research note on Thursday, July 6th. Twelve research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $233.97.

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.