Trinity Street Asset Management LLP lowered its position in Union Pacific Corporation (NYSE:UNP) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,945 shares of the railroad operator’s stock after selling 2,500 shares during the period. Union Pacific Corporation accounts for 5.7% of Trinity Street Asset Management LLP’s holdings, making the stock its 8th largest position. Trinity Street Asset Management LLP’s holdings in Union Pacific Corporation were worth $37,023,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Prospera Financial Services Inc raised its stake in shares of Union Pacific Corporation by 0.3% in the first quarter. Prospera Financial Services Inc now owns 2,163 shares of the railroad operator’s stock worth $230,000 after buying an additional 7 shares during the period. Summit Asset Management LLC raised its stake in shares of Union Pacific Corporation by 0.3% in the first quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock worth $763,000 after buying an additional 19 shares during the period. Family Firm Inc. raised its stake in shares of Union Pacific Corporation by 0.5% in the first quarter. Family Firm Inc. now owns 4,178 shares of the railroad operator’s stock worth $443,000 after buying an additional 21 shares during the period. Court Place Advisors LLC raised its stake in shares of Union Pacific Corporation by 0.4% in the first quarter. Court Place Advisors LLC now owns 7,506 shares of the railroad operator’s stock worth $795,000 after buying an additional 29 shares during the period. Finally, Tortoise Investment Management LLC raised its stake in shares of Union Pacific Corporation by 1.2% in the first quarter. Tortoise Investment Management LLC now owns 2,540 shares of the railroad operator’s stock worth $269,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 79.88% of the company’s stock.

Union Pacific Corporation (NYSE:UNP) traded up 0.67% during trading on Wednesday, reaching $103.75. The company had a trading volume of 1,472,556 shares. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15. The firm has a market capitalization of $83.04 billion, a P/E ratio of 18.82 and a beta of 0.81. The firm’s 50-day moving average price is $107.61 and its 200 day moving average price is $107.96.

Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. Equities analysts forecast that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.605 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.35%. Union Pacific Corporation’s payout ratio is 43.84%.

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A number of brokerages recently commented on UNP. Stifel Nicolaus reiterated a “hold” rating and set a $118.00 price target (up from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. Citigroup Inc. reiterated a “buy” rating and set a $120.00 price target on shares of Union Pacific Corporation in a report on Monday, July 10th. BidaskClub downgraded Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Cowen and Company raised their target price on Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. Union Pacific Corporation presently has a consensus rating of “Hold” and an average target price of $112.20.

In related news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the transaction, the executive vice president now owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

About Union Pacific Corporation

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

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

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