IBM Retirement Fund decreased its stake in Union Pacific Corporation (NYSE:UNP) by 28.2% during the third quarter, Holdings Channel reports. The firm owned 79,645 shares of the railroad operator’s stock after selling 31,225 shares during the period. IBM Retirement Fund’s holdings in Union Pacific Corporation were worth $7,768,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UNP. West Oak Capital LLC raised its stake in Union Pacific Corporation by 6.2% in the third quarter. West Oak Capital LLC now owns 1,094 shares of the railroad operator’s stock valued at $107,000 after buying an additional 64 shares during the period. Lenox Wealth Advisors Inc. raised its stake in Union Pacific Corporation by 4.9% in the third quarter. Lenox Wealth Advisors Inc. now owns 1,167 shares of the railroad operator’s stock valued at $114,000 after buying an additional 55 shares during the period. Cornerstone Advisors Inc. raised its stake in Union Pacific Corporation by 379.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,247 shares of the railroad operator’s stock valued at $122,000 after buying an additional 987 shares during the period. Tradewinds Capital Management LLC raised its stake in Union Pacific Corporation by 22.4% in the second quarter. Tradewinds Capital Management LLC now owns 1,364 shares of the railroad operator’s stock valued at $119,000 after buying an additional 250 shares during the period. Finally, Delphi Private Advisors LLC raised its stake in Union Pacific Corporation by 0.8% in the second quarter. Delphi Private Advisors LLC now owns 1,547 shares of the railroad operator’s stock valued at $135,000 after buying an additional 13 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.

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

Union Pacific Corporation (NYSE:UNP) opened at 105.25 on Friday. The firm has a market cap of $86.74 billion, a price-to-earnings ratio of 21.09 and a beta of 0.73. Union Pacific Corporation has a 52 week low of $67.06 and a 52 week high of $106.62. The stock’s 50 day moving average is $103.68 and its 200 day moving average is $96.18.

Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 20th. The railroad operator reported $1.36 EPS for the quarter, missing the consensus estimate of $1.39 by $0.03. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $5.14 billion. Union Pacific Corporation had a return on equity of 20.55% and a net margin of 21.05%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. Equities research analysts expect that Union Pacific Corporation will post $5.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Wednesday, November 30th were issued a dividend of $0.605 per share. The ex-dividend date was Monday, November 28th. This represents a $2.42 dividend on an annualized basis and a yield of 2.30%. This is a boost from Union Pacific Corporation’s previous quarterly dividend of $0.55. Union Pacific Corporation’s payout ratio is currently 48.40%.

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Several equities research analysts recently weighed in on the stock. Vetr lowered shares of Union Pacific Corporation from a “hold” rating to a “sell” rating and set a $99.75 price objective on the stock. in a research note on Thursday, December 1st. Morgan Stanley set a $98.00 target price on shares of Union Pacific Corporation and gave the stock a “buy” rating in a research report on Friday, October 21st. Zacks Investment Research cut shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Seaport Global Securities started coverage on shares of Union Pacific Corporation in a research report on Monday, October 24th. They issued a “buy” rating and a $100.00 target price for the company. Finally, Loop Capital restated a “hold” rating and issued a $96.00 target price on shares of Union Pacific Corporation in a research report on Sunday, October 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $97.70.

In related news, Director Steven R. Rogel sold 7,400 shares of the business’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 transaction of $743,774.00. Following the completion of the transaction, the director now owns 11,400 shares in the company, valued at $1,145,814. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eric L. Butler sold 23,198 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $104.94, for a total transaction of $2,434,398.12. Following the transaction, the executive vice president now owns 232,538 shares of the company’s stock, valued at approximately $24,402,537.72. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

About Union Pacific Corporation

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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