Chemung Canal Trust Co. Increases Holdings in Union Pacific Co. (NYSE:UNP)

Chemung Canal Trust Co. boosted its position in shares of Union Pacific Co. (NYSE:UNP) by 37.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,274 shares of the railroad operator’s stock after purchasing an additional 4,145 shares during the quarter. Chemung Canal Trust Co.’s holdings in Union Pacific were worth $3,483,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Union Pacific in the second quarter valued at about $28,000. Catalyst Capital Advisors LLC purchased a new position in Union Pacific during the 3rd quarter valued at about $30,000. Jamison Private Wealth Management Inc. raised its holdings in shares of Union Pacific by 265.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after purchasing an additional 93 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Union Pacific in the 3rd quarter valued at about $32,000. Finally, Dunhill Financial LLC lifted its position in shares of Union Pacific by 111.5% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after purchasing an additional 68 shares during the period. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UNP. Stifel Nicolaus boosted their price objective on shares of Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday. Sanford C. Bernstein decreased their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Robert W. Baird lifted their target price on Union Pacific from $260.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday. Benchmark increased their price target on shares of Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research report on Friday. Finally, Barclays lifted their price objective on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $262.57.

Union Pacific Trading Up 0.4 %

NYSE UNP opened at $248.94 on Friday. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The company has a market capitalization of $150.92 billion, a PE ratio of 22.86, a P/E/G ratio of 2.12 and a beta of 1.06. The company has a fifty day moving average of $233.78 and a 200 day moving average of $239.22.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. During the same period in the prior year, the business earned $2.71 EPS. Research analysts forecast that Union Pacific Co. will post 10.96 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Monday, December 9th. Union Pacific’s dividend payout ratio is currently 49.22%.

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.