Arrow Financial Corp Sells 76 Shares of Union Pacific Corporation (NYSE:UNP)

Arrow Financial Corp reduced its stake in Union Pacific Corporation (NYSE:UNP) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,721 shares of the railroad operator’s stock after selling 76 shares during the period. Arrow Financial Corp’s holdings in Union Pacific were worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Allred Capital Management LLC grew its position in Union Pacific by 0.5% during the 4th quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator’s stock worth $1,904,000 after acquiring an additional 40 shares during the last quarter. Palogic Value Management L.P. grew its position in Union Pacific by 1.5% during the 4th quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator’s stock worth $644,000 after acquiring an additional 42 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its position in Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock worth $39,000 after acquiring an additional 45 shares during the last quarter. Foster Dykema Cabot & Partners LLC grew its position in Union Pacific by 1.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 2,922 shares of the railroad operator’s stock worth $666,000 after acquiring an additional 47 shares during the last quarter. Finally, First Financial Bank Trust Division grew its position in Union Pacific by 1.7% during the 1st quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator’s stock worth $662,000 after acquiring an additional 47 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

UNP stock opened at $225.86 on Monday. The business’s fifty day moving average is $227.52 and its 200-day moving average is $231.19. 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 company has a market cap of $134.95 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 EPS 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 firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the prior year, the company earned $2.69 EPS. Union Pacific’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.44%. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio is currently 48.29%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UNP. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Barclays increased their price target on Union Pacific from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Redburn Atlantic raised Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 price objective on the stock in a report on Wednesday, April 16th. Wells Fargo & Company reduced their price objective on Union Pacific from $265.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $263.00 price objective on shares of Union Pacific in a report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.75.

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, 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.