Huntington National Bank Trims Stock Holdings in Union Pacific Co. (NYSE:UNP)

Huntington National Bank trimmed its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 113,485 shares of the railroad operator's stock after selling 1,477 shares during the period. Huntington National Bank's holdings in Union Pacific were worth $25,879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Compass Financial Services Inc purchased a new stake in shares of Union Pacific during the 4th quarter valued at about $25,000. Synergy Asset Management LLC bought a new position in Union Pacific during the fourth quarter valued at approximately $29,000. Dunhill Financial LLC boosted its holdings in Union Pacific by 111.5% in the third 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. PrairieView Partners LLC bought a new stake in Union Pacific in the 4th quarter worth approximately $34,000. Finally, Kentucky Trust Co purchased a new stake in Union Pacific during the 4th quarter valued at $40,000. Institutional investors own 80.38% of the company's stock.

Insiders Place Their Bets

In other news, EVP Craig V. Richardson sold 6,495 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $252.00, for a total value of $1,636,740.00. Following the completion of the sale, the executive vice president now directly owns 26,319 shares of the company's stock, valued at $6,632,388. This trade represents a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Elizabeth F. Whited sold 7,500 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the transaction, the president now directly owns 64,960 shares in the company, valued at approximately $16,240,000. This represents a 10.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company's stock.

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Union Pacific Price Performance

UNP stock traded down $5.65 during mid-day trading on Monday, hitting $207.61. The company had a trading volume of 2,338,315 shares, compared to its average volume of 2,791,589. The company has a 50-day moving average price of $242.01 and a 200 day moving average price of $238.66. Union Pacific Co. has a 12-month low of $204.79 and a 12-month high of $258.07. The company has a market capitalization of $124.43 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 2.15 and a beta of 1.06. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP - Get Free Report) last posted 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 41.12% and a net margin of 27.82%. During the same period in the prior year, the company earned $2.71 EPS. On average, research analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.36 annualized dividend and a yield of 2.58%. Union Pacific's dividend payout ratio (DPR) is currently 48.33%.

Wall Street Analyst Weigh In

A number of analysts recently commented on UNP shares. Benchmark upped their price objective on Union Pacific from $266.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, January 24th. BMO Capital Markets increased their price objective on shares of Union Pacific from $275.00 to $277.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Stifel Nicolaus boosted their target price on shares of Union Pacific from $253.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Guggenheim increased their price target on shares of Union Pacific from $266.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, Robert W. Baird boosted their price objective on shares of Union Pacific from $260.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $261.95.

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.