Precocity Capital LP purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) during the first quarter, Holdings Channel reports. The institutional investor purchased 100,000 shares of the railroad operator’s stock, valued at approximately $10,592,000. Union Pacific Corporation comprises 2.5% of Precocity Capital LP’s investment portfolio, making the stock its 18th largest position.

Other large investors also recently bought and sold shares of the company. First Eagle Investment Management LLC increased its position in shares of Union Pacific Corporation by 2.8% in the first quarter. First Eagle Investment Management LLC now owns 5,956,119 shares of the railroad operator’s stock valued at $630,872,000 after buying an additional 163,532 shares in the last quarter. Legal & General Group Plc increased its position in shares of Union Pacific Corporation by 3.6% in the first quarter. Legal & General Group Plc now owns 4,365,934 shares of the railroad operator’s stock valued at $462,450,000 after buying an additional 150,498 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Union Pacific Corporation by 21.6% in the first quarter. Ameriprise Financial Inc. now owns 2,996,965 shares of the railroad operator’s stock valued at $317,475,000 after buying an additional 531,917 shares in the last quarter. Swiss National Bank increased its position in shares of Union Pacific Corporation by 25.9% in the first quarter. Swiss National Bank now owns 2,920,172 shares of the railroad operator’s stock valued at $309,305,000 after buying an additional 600,300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Union Pacific Corporation by 4.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,703,368 shares of the railroad operator’s stock valued at $286,341,000 after buying an additional 107,387 shares in the last quarter. Institutional investors own 79.88% of the company’s stock.

Union Pacific Corporation (UNP) traded up 0.48% during trading on Thursday, hitting $104.27. 502,727 shares of the company traded hands. The firm has a 50 day moving average of $106.28 and a 200 day moving average of $107.80. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15. The firm has a market cap of $83.46 billion, a P/E ratio of 18.91 and a beta of 0.81.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 2.33%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.

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Several brokerages recently issued reports on UNP. Stifel Nicolaus restated a “hold” rating and set a $118.00 price objective (up from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. Citigroup Inc. restated a “buy” rating and set a $120.00 price objective on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research downgraded Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BidaskClub downgraded Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, Cowen and Company lifted their target price on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. Union Pacific Corporation currently has a consensus rating of “Hold” and an average price target 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 shares were sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the completion of the transaction, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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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