Orrstown Financial Services Inc. Trims Holdings in Union Pacific Co. (UNP)

Orrstown Financial Services Inc. reduced its stake in Union Pacific Co. (NYSE:UNP) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,386 shares of the railroad operator’s stock after selling 273 shares during the period. Union Pacific makes up 1.7% of Orrstown Financial Services Inc.’s portfolio, making the stock its 11th largest holding. Orrstown Financial Services Inc.’s holdings in Union Pacific were worth $1,235,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNP. Obermeyer Wood Investment Counsel Lllp grew its stake in shares of Union Pacific by 1.7% in the 4th quarter. Obermeyer Wood Investment Counsel Lllp now owns 3,729 shares of the railroad operator’s stock worth $515,000 after buying an additional 61 shares in the last quarter. Hamilton Point Investment Advisors LLC grew its stake in shares of Union Pacific by 1.2% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 5,443 shares of the railroad operator’s stock worth $752,000 after buying an additional 65 shares in the last quarter. Howe & Rusling Inc. grew its stake in shares of Union Pacific by 25.4% in the 4th quarter. Howe & Rusling Inc. now owns 346 shares of the railroad operator’s stock worth $48,000 after buying an additional 70 shares in the last quarter. DeDora Capital Inc. grew its stake in shares of Union Pacific by 1.7% in the 4th quarter. DeDora Capital Inc. now owns 4,162 shares of the railroad operator’s stock worth $575,000 after buying an additional 71 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Union Pacific by 2.4% in the 4th quarter. Parallel Advisors LLC now owns 3,039 shares of the railroad operator’s stock worth $420,000 after buying an additional 71 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

In other Union Pacific news, EVP Robert M. Knight, Jr. sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $170.01, for a total value of $1,700,100.00. Following the completion of the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $16,141,259.43. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Todd M. Rynaski sold 8,802 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.00, for a total transaction of $1,496,340.00. Following the completion of the sale, the vice president now directly owns 19,731 shares of the company’s stock, valued at $3,354,270. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Union Pacific stock opened at $176.66 on Friday. The stock has a market capitalization of $127.70 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.90 and a quick ratio of 0.74. Union Pacific Co. has a 1 year low of $126.37 and a 1 year high of $177.77.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. The company had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Union Pacific had a net margin of 26.13% and a return on equity of 27.95%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 EPS. As a group, research analysts expect that Union Pacific Co. will post 8.98 earnings per share for the current fiscal year.

Union Pacific announced that its board has approved a stock repurchase plan on Thursday, February 7th that allows the company to repurchase 150,000,000 shares. This repurchase authorization allows the railroad operator to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 28th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.99%. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date was Wednesday, February 27th. Union Pacific’s payout ratio is 44.50%.

UNP has been the subject of a number of recent analyst reports. Loop Capital lifted their price target on shares of Union Pacific from $188.00 to $193.00 and gave the stock a “positive” rating in a research note on Thursday, January 24th. Royal Bank of Canada raised shares of Union Pacific from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Zacks Investment Research raised shares of Union Pacific from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Citigroup lifted their price target on shares of Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, Seaport Global Securities raised shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Tuesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $170.63.

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About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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