New England Asset Management Inc. continued to hold its position in Union Pacific Corporation (NYSE:UNP) during the first quarter, Holdings Channel reports. The institutional investor owned 10,700 shares of the railroad operator’s stock at the end of the first quarter. New England Asset Management Inc.’s holdings in Union Pacific Corporation were worth $1,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Genesee Valley Trust Co. boosted its position in Union Pacific Corporation by 21.5% in the first quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock valued at $1,030,000 after buying an additional 1,724 shares during the last quarter. Eastern Bank boosted its position in Union Pacific Corporation by 1.2% in the first quarter. Eastern Bank now owns 13,580 shares of the railroad operator’s stock valued at $1,438,000 after buying an additional 158 shares during the last quarter. Virtu Financial LLC acquired a new position in Union Pacific Corporation during the first quarter valued at about $268,000. Wetherby Asset Management Inc. boosted its position in Union Pacific Corporation by 1.7% in the first quarter. Wetherby Asset Management Inc. now owns 17,888 shares of the railroad operator’s stock valued at $1,895,000 after buying an additional 302 shares during the last quarter. Finally, ING Groep NV boosted its position in Union Pacific Corporation by 225.6% in the first quarter. ING Groep NV now owns 41,594 shares of the railroad operator’s stock valued at $4,406,000 after buying an additional 28,818 shares during the last quarter. 79.88% of the stock is owned by institutional investors.

Union Pacific Corporation (NYSE:UNP) traded up 0.86% on Friday, reaching $103.57. The company had a trading volume of 3,340,923 shares. The firm has a 50 day moving average price of $106.03 and a 200-day moving average price of $107.74. Union Pacific Corporation has a 12 month low of $87.06 and a 12 month high of $115.15. The stock has a market capitalization of $82.90 billion, a price-to-earnings ratio of 18.78 and a beta of 0.81.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.605 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 annualized dividend and a yield of 2.34%. Union Pacific Corporation’s dividend payout ratio is presently 43.84%.

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UNP has been the subject of several research analyst reports. BidaskClub lowered Union Pacific Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and issued a $116.00 price objective on shares of Union Pacific Corporation in a report on Friday, June 2nd. Zacks Investment Research upgraded Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Thursday, July 13th. Morgan Stanley restated an “overweight” rating and issued a $102.00 price objective (up previously from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. Finally, Credit Suisse Group upped their price objective on Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, May 26th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $112.10.

In other Union Pacific Corporation 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 transaction of $1,894,190.40. Following the transaction, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Union Pacific Corporation Company Profile

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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