Fulton Bank N.A. Sells 477 Shares of Union Pacific Co. (NYSE:UNP)

Fulton Bank N.A. lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,000 shares of the railroad operator’s stock after selling 477 shares during the quarter. Fulton Bank N.A.’s holdings in Union Pacific were worth $3,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. Strategic Investment Solutions Inc. IL bought a new stake in shares of Union Pacific during the 2nd quarter worth $28,000. Catalyst Capital Advisors LLC bought a new stake in Union Pacific during the third quarter valued at about $30,000. Jamison Private Wealth Management Inc. grew its position in shares of Union Pacific by 265.7% in the third 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 during the last quarter. Fairscale Capital LLC bought a new position in shares of Union Pacific in the second quarter worth about $31,000. Finally, Dunhill Financial LLC lifted its position in shares of Union Pacific by 111.5% during 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 last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UNP. Wells Fargo & Company lowered their target price on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday. Benchmark reaffirmed a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Friday, October 25th. Raymond James increased their price target on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Royal Bank of Canada dropped their price objective on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Bank of America reduced their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $260.30.

Union Pacific Price Performance

UNP stock traded down $0.32 during midday trading on Wednesday, reaching $230.22. 753,975 shares of the company’s stock traded hands, compared to its average volume of 2,283,750. The company has a 50-day simple moving average of $234.82 and a two-hundred day simple moving average of $238.73. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.66. The company has a market cap of $139.57 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 2.33 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $2.51 EPS. On average, analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Monday, December 9th. Union Pacific’s dividend payout ratio (DPR) is presently 49.22%.

Union Pacific Company 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.