Tower Research Capital LLC TRC acquired a new stake in Union Pacific Co. (NYSE:UNP) during the second quarter, according to its most recent filing with the SEC. The firm acquired 23,463 shares of the railroad operator’s stock, valued at approximately $3,324,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Fluent Financial LLC lifted its stake in shares of Union Pacific by 11.4% in the 2nd quarter. Fluent Financial LLC now owns 3,506 shares of the railroad operator’s stock valued at $497,000 after purchasing an additional 358 shares during the period. Summit Trail Advisors LLC lifted its stake in shares of Union Pacific by 11.5% in the 1st quarter. Summit Trail Advisors LLC now owns 3,504 shares of the railroad operator’s stock valued at $478,000 after purchasing an additional 360 shares during the period. Winthrop Partners WNY LLC lifted its stake in shares of Union Pacific by 7.7% in the 1st quarter. Winthrop Partners WNY LLC now owns 5,080 shares of the railroad operator’s stock valued at $661,000 after purchasing an additional 364 shares during the period. Whittier Trust Co. lifted its stake in shares of Union Pacific by 0.7% in the 2nd quarter. Whittier Trust Co. now owns 49,496 shares of the railroad operator’s stock valued at $7,013,000 after purchasing an additional 368 shares during the period. Finally, Greenwood Gearhart Inc. lifted its stake in shares of Union Pacific by 0.6% in the 2nd quarter. Greenwood Gearhart Inc. now owns 60,182 shares of the railroad operator’s stock valued at $8,527,000 after purchasing an additional 368 shares during the period. Hedge funds and other institutional investors own 80.45% of the company’s stock.

A number of research analysts have recently weighed in on UNP shares. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Wednesday, July 18th. TD Securities increased their price target on Union Pacific from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, June 1st. Deutsche Bank increased their price target on Union Pacific to $178.00 and gave the company a “buy” rating in a research note on Friday, June 1st. UBS Group increased their price target on Union Pacific from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Finally, ValuEngine raised Union Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $147.35.

UNP opened at $156.30 on Wednesday. Union Pacific Co. has a 1 year low of $107.78 and a 1 year high of $156.91. The stock has a market capitalization of $114.70 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 1.87 and a beta of 0.82. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 1.03.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.04. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The firm had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the business posted $1.45 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. analysts expect that Union Pacific Co. will post 7.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 31st will be paid a $0.80 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, August 30th. This represents a $3.20 annualized dividend and a dividend yield of 2.05%. Union Pacific’s dividend payout ratio (DPR) is currently 55.27%.

In other Union Pacific news, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total value of $1,282,034.00. Following the sale, the executive vice president now owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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

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