The City Holding Co. Reached $110,000 position of Union Pacific Corp. (UNP)

The City Holding Co. Reached $110,000 position  of Union Pacific Corp. (UNP)

City Holding Co. continued to hold its stake in shares of Union Pacific Corp. (NYSE:UNP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,128 shares of the railroad operator’s stock at the end of the third quarter. City Holding Co.’s holdings in Union Pacific Corp. were worth $110,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UNP. West Oak Capital LLC boosted its stake in shares of Union Pacific Corp. by 6.2% in the third quarter. West Oak Capital LLC now owns 1,094 shares of the railroad operator’s stock worth $107,000 after buying an additional 64 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Union Pacific Corp. during the second quarter worth approximately $108,000. Lenox Wealth Advisors Inc. raised its position in Union Pacific Corp. by 4.9% in the third quarter. Lenox Wealth Advisors Inc. now owns 1,167 shares of the railroad operator’s stock worth $114,000 after buying an additional 55 shares during the period. Tradewinds Capital Management LLC raised its position in Union Pacific Corp. by 22.4% in the second quarter. Tradewinds Capital Management LLC now owns 1,364 shares of the railroad operator’s stock worth $119,000 after buying an additional 250 shares during the period. Finally, Community Bank N.A. raised its position in Union Pacific Corp. by 41.9% in the second quarter. Community Bank N.A. now owns 1,422 shares of the railroad operator’s stock worth $124,000 after buying an additional 420 shares during the period. 77.94% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Corp. (NYSE:UNP) traded up 0.70% during mid-day trading on Friday, hitting $102.10. 1,680,892 shares of the stock traded hands. Union Pacific Corp. has a 12-month low of $67.06 and a 12-month high of $102.16. The company has a 50 day moving average of $94.60 and a 200-day moving average of $91.74.

Union Pacific Corp. (NYSE:UNP) last issued its earnings results on Thursday, October 20th. The railroad operator reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by $0.03. The firm earned $5.17 billion during the quarter, compared to analyst estimates of $5.14 billion. Union Pacific Corp. had a net margin of 21.05% and a return on equity of 20.55%. The firm’s revenue was down 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. Equities analysts predict that Union Pacific Corp. will post $5.00 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, November 30th will be issued a $0.605 dividend. This is a boost from Union Pacific Corp.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, November 28th. This represents a $2.42 annualized dividend and a yield of 2.37%. Union Pacific Corp.’s dividend payout ratio (DPR) is 44.00%.

A number of research analysts have recently commented on the stock. Morgan Stanley set a $98.00 price target on shares of Union Pacific Corp. and gave the company a “buy” rating in a research report on Friday, October 21st. Vetr upgraded shares of Union Pacific Corp. from a “sell” rating to a “hold” rating and set a $91.25 target price for the company in a research report on Monday, September 12th. Zacks Investment Research lowered shares of Union Pacific Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Royal Bank Of Canada lowered shares of Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $107.00 to $98.00 in a research report on Friday, October 21st. Finally, Seaport Global Securities started coverage on shares of Union Pacific Corp. in a research report on Monday, October 24th. They set a “buy” rating and a $100.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $96.38.

In related news, Director Steven R. Rogel sold 7,400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $100.51, for a total value of $743,774.00. Following the sale, the director now owns 11,400 shares of the company’s stock, valued at $1,145,814. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $95.24, for a total transaction of $952,400.00. Following the completion of the sale, the executive vice president now directly owns 150,660 shares in the company, valued at approximately $14,348,858.40. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Union Pacific Corp. Company Profile

Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.

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