Veritas Investment Management LLP decreased its stake in Union Pacific Corp. (NYSE:UNP) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,637 shares of the railroad operator’s stock after selling 140 shares during the period. Union Pacific Corp. comprises about 3.6% of Veritas Investment Management LLP’s holdings, making the stock its 12th largest position. Veritas Investment Management LLP’s holdings in Union Pacific Corp. were worth $18,469,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Union Pacific Corp. during the second quarter valued at about $108,000. Tradewinds Capital Management LLC increased its position in shares of 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 in the last quarter. Community Bank N.A. increased its position in shares of 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 in the last quarter. Arcadia Investment Management Corp MI increased its position in shares of Union Pacific Corp. by 164.4% in the second quarter. Arcadia Investment Management Corp MI now owns 1,507 shares of the railroad operator’s stock worth $131,000 after buying an additional 937 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Union Pacific Corp. by 14.6% in the second quarter. Signaturefd LLC now owns 1,692 shares of the railroad operator’s stock worth $148,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 78.14% of the company’s stock.

Shares of Union Pacific Corp. (NYSE:UNP) traded down 0.52% during mid-day trading on Friday, hitting $94.59. The stock had a trading volume of 871,489 shares. Union Pacific Corp. has a 1-year low of $67.06 and a 1-year high of $98.28. The company has a market capitalization of $78.79 billion, a P/E ratio of 18.42 and a beta of 0.92. The stock’s 50-day moving average price is $94.27 and its 200 day moving average price is $87.72.

Union Pacific Corp. (NYSE:UNP) last issued its earnings results on Thursday, July 21st. The railroad operator reported $1.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. Union Pacific Corp. had a return on equity of 21.29% and a net margin of 21.48%. The company earned $4.77 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the previous year, the company posted $1.38 EPS. The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. On average, analysts predict that Union Pacific Corp. will post $5.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $2.20 annualized dividend and a dividend yield of 2.31%. Union Pacific Corp.’s dividend payout ratio is currently 42.80%.

A number of equities analysts have recently weighed in on UNP shares. Vetr upgraded Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $86.92 target price on the stock in a report on Monday, June 27th. Argus reiterated a “buy” rating and issued a $100.00 target price on shares of Union Pacific Corp. in a report on Monday, July 25th. Morgan Stanley set a $100.00 target price on Union Pacific Corp. and gave the company a “buy” rating in a report on Thursday, August 18th. Citigroup Inc. set a $106.00 target price on Union Pacific Corp. and gave the company a “buy” rating in a report on Tuesday, September 13th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $106.00 target price on shares of Union Pacific Corp. in a report on Tuesday, September 13th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $95.56.

In related news, EVP Robert M. Knight, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $95.24, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $97.00, for a total value of $485,000.00. Following the completion of the sale, the executive vice president now owns 150,660 shares of the company’s stock, valued at $14,614,020. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

About Union Pacific Corp.

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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