Torch Wealth Management LLC continued to hold its position in Union Pacific Corporation (NYSE:UNP) during the second quarter, Holdings Channel reports. The fund owned 4,875 shares of the railroad operator’s stock at the end of the second quarter. Torch Wealth Management LLC’s holdings in Union Pacific Corporation were worth $531,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Gulf International Bank UK Ltd raised its position in Union Pacific Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 258,532 shares of the railroad operator’s stock valued at $27,383,000 after buying an additional 3,200 shares during the last quarter. Forte Capital LLC ADV purchased a new position in Union Pacific Corporation during the first quarter valued at about $241,000. Trust Co. of Oklahoma raised its position in Union Pacific Corporation by 1.6% in the first quarter. Trust Co. of Oklahoma now owns 9,965 shares of the railroad operator’s stock valued at $1,055,000 after buying an additional 159 shares during the last quarter. Creative Planning raised its position in Union Pacific Corporation by 20.1% in the first quarter. Creative Planning now owns 248,250 shares of the railroad operator’s stock valued at $26,295,000 after buying an additional 41,539 shares during the last quarter. Finally, Cable Hill Partners LLC raised 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 last quarter. 79.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Union Pacific Corporation (NYSE:UNP) traded up 0.86% during mid-day trading on Friday, hitting $103.57. The company had a trading volume of 3,340,923 shares. The stock has a market cap of $82.90 billion, a price-to-earnings ratio of 18.78 and a beta of 0.81. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $115.15. 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 earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The business had revenue of $5.25 billion for 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 company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. Equities analysts forecast that Union Pacific Corporation will post $5.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 2.34%. 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 have weighed in on UNP. Cowen and Company upped their price target on Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a report on Friday, April 28th. Royal Bank Of Canada restated a “hold” rating and set a $116.00 price target on shares of Union Pacific Corporation in a report on Friday, June 2nd. BMO Capital Markets restated a “buy” rating and set a $123.00 price target 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 target on the stock in a report on Tuesday, May 30th. Finally, Credit Suisse Group upped their price target on Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $112.10.

In related news, EVP Cameron A. Scott sold 17,604 shares of the business’s 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 sale, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.

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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