Harbour Capital Advisors LLC increased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 7.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,707 shares of the railroad operator’s stock after buying an additional 695 shares during the period. Harbour Capital Advisors LLC’s holdings in Union Pacific Corporation were worth $1,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advantage Investment Management LLC boosted its position in Union Pacific Corporation by 263.7% in the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock valued at $101,000 after buying an additional 691 shares during the period. Mark Sheptoff Financial Planning LLC boosted its position in Union Pacific Corporation by 96.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after buying an additional 501 shares during the period. Cable Hill Partners LLC boosted its position in Union Pacific Corporation by 6.1% in the first quarter. Cable Hill Partners LLC now owns 1,130 shares of the railroad operator’s stock valued at $119,000 after buying an additional 65 shares during the period. SRS Capital Advisors Inc. boosted its position in Union Pacific Corporation by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after buying an additional 686 shares during the period. Finally, American National Bank boosted its position in Union Pacific Corporation by 757.5% in the first quarter. American National Bank now owns 1,432 shares of the railroad operator’s stock valued at $152,000 after buying an additional 1,265 shares during the period. Institutional investors and hedge funds own 79.88% of the company’s stock.

Shares of Union Pacific Corporation (UNP) traded up 0.86% during midday trading on Friday, hitting $103.57. 3,340,923 shares of the company traded hands. 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 P/E ratio of 18.78 and a beta of 0.81. The stock’s 50-day moving average is $106.03 and its 200 day moving average is $107.74.

Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The business’s 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 year.

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

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Several research analysts have recently issued reports on UNP shares. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of 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 Tuesday, May 30th. Credit Suisse Group increased their price objective on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, May 26th. Citigroup Inc. reiterated a “buy” rating and issued a $120.00 price objective on shares of Union Pacific Corporation in a report on Monday, July 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $118.00 price objective (up from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price 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 that occurred on Friday, July 7th. The shares were sold at an average price of $107.60, for a total value of $1,894,190.40. Following the transaction, the executive vice president now owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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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